FTIL cancels IEX sale, agrees new terms
Financial Technologies India (FTIL) has agreed to sell a 16.6% stake in India Energy Exchange (IEX) to a consortium of investors for INR3.57 billion, cancelling an earlier arrangement to sell its entire stake in a deal led by TVS Capital Funds.
In a stock market disclosure, FTIL said that the buyers in the new transaction include Aditya Birla Capital Advisors, DCB Power Ventures, Kiryan Vyapar and Agri Power and Engineering Solutions. The sale...
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