This Article is From Oct 10, 2014

Financial Tech Board Approves Voluntary Delisting of Shares From 2 Bourses

Financial Tech Board Approves Voluntary Delisting of Shares From 2 Bourses

New Delhi: Jignesh Shah-led Financial Technologies India Ltd (FTIL) on Friday said its board has approved voluntary delisting of the company's equity shares from Madras Stock Exchange and Ahmedabad Stock Exchange.

"Pursuant to the SEBI Delisting regulations, the Board of Directors of the Company have approved the voluntary delisting of equity shares of the Company from Madras & Ahmedabad Stock Exchanges," FTIL said in a filing to the BSE.

After delisting from the two stock exchanges, the company will continue to be listed on BSE and NSE, it added.

FTIL had to exit the commodity exchanges business after the Forward Markets Commission (FMC) declared it 'unfit' to run any bourse post-NSEL scam.

Shares in FTIL, on Friday, ended at Rs 231.05 apiece on the BSE, up by almost 9 per cent from the previous close.