Nsel Crisis

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  SEBI Order Against 5 Brokers Set Aside By Securities Appellate Tribunal In NSEL Case

  Securities Appellate Tribunal (SAT) has directed SEBI to decide the matter afresh within six months

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  NSEL Urges Market Regulator Sebi To Resolve Rs 5,600-Crore Payment Crisis

  Multiple agencies including Sebi, the Directorate of Enforcement (ED) and the Reserve Bank of India (RBI) are probing the irregularities at the now-defunct NSEL.

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  NSEL Crisis: Centre Asks Sebi to Act Against Defaulting Brokers

  Seeking to expedite recovery of money in the Rs 5,574-crore NSEL payment crisis, the government on Thursday decided to take immediate steps for auction of non-encumbered properties and also asked markets regulator Sebi to initiate action against defaulting brokers.

• FTIL Begins Process to Sell 23% Stake in MCX-SX Clearing Corporation

  Financial Technologies India Ltd (FTIL) has begun the process of selling its 23 per cent stake in MCX-SX Clearing Corporation Ltd (MCX-SX CCL) in order to comply with a Securities and Exchange Board of India order.

• Exit From MCX-SX Complete: Financial Tech

  Crisis-hit Financial Technologies India Ltd (FTIL) on Wednesday said it has completed the sale of its entire 5 per cent stake in MCX-SX for nearly Rs 89 crore, thus exiting the bourse.

• NSEL Says Brokers Hiding Client Details

  The crippled National Spot Exchange Ltd (NSEL) on Wednesday accused the brokers of not providing investor details, and said going by the number of details it got so far the total number of investors who have claimed to have lost money looked bogus.

• NSEL Launches Campaign to Clear the Air Over Payment Crisis

  Seeking "fair chance" to explain its stand, NSEL in two volume book titled "Truth about NSEL" attempts to clear the air around its promoter firm, Financial Technologies (FTIL) and how its new board is attempting to recover and rebuild the exchange.

• NSEL Case: High Court Asks Mohan India to Declare Assets

  Hearing a suit filed by National Spot Exchange Ltd, the Bombay High Court on Tuesday asked one of its defaulters, M/s Mohan India Group, and its directors to disclose all their properties within four weeks.

• NSEL-Financial Tech Merger After Stakeholders' Suggestions: Corporate Affairs Minister

  Scam-hit National Spot Exchange Ltd's merger with parent firm Financial Technologies India Ltd (FTIL) will be done after considering suggestions from stakeholders, the government said on Tuesday.

• Minority Shareholders Oppose NSEL Merger With Financial Tech: Report

  Some minority shareholders of Financial Technologies India Ltd (FTIL) have raised objections to the proposed merger of the scam-hit National Spot Exchange Ltd (NSEL) with the company.

• Financial Tech Expands Board, to Carve Out New Firm for Flagship Product

  Facing a government-ordered merger of the crisis hit National Spot Exchange Ltd (NSEL) with itself, Financial Technologies India Ltd (FTIL) on Friday announced spinning off a key revenue-generating trading software product into a separate subsidiary as part of a major restructuring exercise.

• Financial Tech in Pact to Exit IEX by Selling Stake for Rs 576 Crore

  Financial Technologies India Ltd (FTIL) said on Wednesday that it will fully exit IEX by selling its entire stake to a clutch of investors for Rs 576.84 crore.

• NSEL Crisis: Government Mulls Board Changes for Merged Entity, Says Report

  NSEL Crisis: Government Mulls Board Changes for Merged Entity, Says Report

• Financial Tech Board Approves Voluntary Delisting of Shares From 2 Bourses

  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 and Ahmedabad Stock Exchanges.

• Electricity Watchdog Gives More Time to Financial Technologies for IEX Stake Sale

  Against the backdrop of payment crisis at FTIL group firm National Spot Exchange Ltd (NSEL), the regulator in May had directed the company to sell stake in the power exchange by September 30.