Future Market Networks Ltd sells stake in Future Trade Markets Pvt Ltd

In terms of the special resolution passed by the shareholders of Future Market Networks Limited on May 25, 2023 through postal ballot with regard to sale of investments in Future Trade Markets Private Limited (FTMPL), the Company has entered into a share purchase agreement on July 03, 2023 with CAPITALMIND ADVISORY SERVICES PRIVATE LIMITED for the sale of 100% equity share capital held by the Company in FTMPL for a total of INR 65,80,300/- (Indian Rupees Sixty Five Lakhs Eighty Thousand Three Hundred only).

The purchasers are not connected with Promoter/Promoter Group of the Company and hence the transaction is not a related party transaction.

Shares of Future Market Networks Limited was last trading in BSE at Rs. 4.66 as compared to the previous close of Rs. 4.66. The total number of shares traded during the day was 20884 in over 64 trades.

The stock hit an intraday high of Rs. 4.77 and intraday low of 4.60. The net turnover during the day was Rs. 96703.00.

Source : Equity Bulls

Keywords

FutureMarketNetworks INE360L01017 FMNL StakeSale FutureTradeMarkets