Financial Technologies to raise US$100 Million

Financial Technologies India Ltd has announced that at the Committee Meeting of the Board, it has been decided to raise upto US $ 100 Million plus a Green Shoe Option of upto $ 15 Million through issue of Global Depository Receipts (GDRs) to overseas investors.

The GDR procceds will be utilized for, inter alia, global M & A opportunities in exchange as well as technology space and investment in organic & inorganic global domain - centric businesses.

The stock was trading at Rs.2761.95, up by Rs.0.90 or 0.03%. The stock hit an intraday high of Rs.2790 and low of Rs.2731.

The total traded quantity was 50095 compared to 2 week average of 64920.

Source : Equity Bulls

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