For Quick Alerts
For Daily Alerts

Financial Technologies plummets 20% on reports of NSEL struggling to repay investors' dues

By Religare
Financial Technologies plummets 20% on NSEL struggle
Shares of Financial Technologies India Ltd (FTIL) fell as much as 20 per cent in the morning trade on BSE on the media reports that its crisis-hit subsidiary National Spot Exchange (NSEL) failed to pay full amount of first tranche to the jittery investors on Tuesday.

NSEL, which owes around Rs 5,600 crore to investors, was supposed to release around Rs 174 crore on Tuesday and as compared to that, it could pay only Rs 92.12 crore, according to media reports.

At 11:25 hours, the stock rebounded from the day's low level and was trading at Rs 136.35 a piece, down 3.5 per cent from previous close on BSE.

Adding to FTIL's woes, the Forward Markets Commission (FMC) also wrote to NSEL on Tuesday that it risked losing its "fit and proper person" status and also warned it of losing its shareholding in the MCX or any other recognised commodity futures exchange.

Dion Global Solutions Ltd.

Read more about: financial technologies india
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more