FINANCIAL TECHNOLOGIES (INDIA) LTD. - Sale of stake in MCX Stock Exchange Ltd (MCX-SX)

Financial Technologies (India) Ltd has informed BSE that Financial Technologies (India) Ltd. ("FTIL") on November 25, 2014, entered into a Share and Warrant Purchase Agreement with Dr. Rakesh Jhunjhunwala and separate Warrant Purchase Agreements with M/s. Edelweiss Financial Services Limited, M/s. Trust Investment Advisors Pvt. Ltd. Ms. Viral A. Parikh, M/s. Nemish S. Shah H.U.F., M/s, Derive Investments, Mr. Kalpraj Dharamshi, Mr. Dhanesh Sumatilal Shah, Mr. Uday Shah, Ms. Madhuri Kela, Ms. Renuka Shah, M/s. SKS Capital & Research Pvt. Ltd. and Ms. Madhu Vadera Jayakumar for sale of its 100% stake in MCX-SX comprising of 2,70,00,000 equity shares and 56,24,60,000 warrants for an aggregate consideration of Rs. 88.419 Crores.<BR><BR>The said transaction is subject to fulfillment of certain condition precedents including regulatory approvals.<BR><BR>Post completion of the above said transaction, the Company would have completely exited MCX-SX.