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FTIL News

04 Dec 2017

HC junks FTIL's petition against govt order to merge with NSEL

The Bombay High Court on Monday dismissed a petition filed by the erstwhile Financial Technologies (India) Ltd (FTIL) challenging a 2016 decision of the Union government ordering its merger with its subsidiary, National Spot Exchange Ltd (NSEL).

04 Aug 2017

Sebi order: Jignesh Shah says no violations; alleges conspiracy

The NSEL scam came to light during the previous UPA regime.

20 Sep 2016

CBI arrests FTIL, MCX promoter Jignesh Shah

13 Jul 2016

NSEL scam: Jignesh Shah remanded in ED custody till July 18

A court here Wednesday remanded FTIL founder Jignesh Shah, arrested in the Rs 5,600-crore National Spot Exchange Limited scam, in the custody of Enforcement Directorate till July 18.

13 Jul 2016

FTIL shares slump nearly 10% after Jignesh Shah's arrest

FTIL shares slump nearly 10% after Jignesh Shah's arrest

01 Apr 2016

Govt seeks to restrain FTIL from selling assets

To protect the interest of investors in the nearly Rs 5,600-crore scam at NSEL, the government has moved the Supreme Court seeking a restrain on parent firm Financial Technologies to prevent possible "asset stripping"

14 Feb 2016

FTIL-NSEL merger: MCA says 96% objections 'orchestrated'

In a first-ever move forcing the amalgamation of two private companies, the MCA has ordered the merger of crisis- hit National Spot Exchange Ltd (NSEL) with its parent FTIL (Financial Technologies India Ltd) in "public interest".

Financial Technologies

20 Nov 2015

Financial Technologies wraps up IEX stake sale

Financial Technologies on Friday said it has concluded sale of its remaining 5 percent stake in Indian Energy Exchange (IEX).

National Spot Exchange Limited

07 Aug 2015

Conclude NSEL-FTIL merger process by Oct 31: HC to Ministry

The Bombay High Court Friday directed the Union Ministry of Corporate Affairs to complete by October 31 the process of passing final order on the proposed merger of National Spot Exchange of India with Financial Technologies (India) Ltd (FTIL).

05 Jul 2015

Sebi, exchanges ask 75 firms to restate a/c on audit red-flags

The companies that fail to submit a compliance report to the exchanges would face penal action by the regulators, a senior official said.

02 Jul 2015

SC stays CERC order asking FTIL to transfer its shares of IEX

The Supreme Court on Thursday stayed the order of power sector regulator CERC asking Financial Technologies India Ltd (FTIL) to transfer all its shares of India Energy Exchange (IEX) to a trust demat account.

29 Jun 2015

CERC asks FTIL to transfer stake in IEX to trust a/c by Jul 2

Power sector regulator CERC has asked Financial Technologies to transfer its entire stake in India Energy Exchange (IEX) to a trust demat account of the bourse by July 2 and fully exit the exchange by July 20.

Financial Technologies of India

26 Jun 2015

FTIL floats EoI to sell 23% stake in MCX-SX CCL

Financial Technologies of India Ltd (FTIL) has begun the process of selling its 23 percent stake in MCX-SX Clearing Corporation in order to comply with market regulator Sebi's order.

19 Jun 2015

FTIL signs new pact to sell 16.6% stake in IEX for Rs 357 cr

FTIL is divesting its stake in IEX following the direction from regulator Central Electricity Regulatory Commission's (CERC) in May last year in the wake of the Rs 5,600 crore payment scam at FTIL's group firm NSEL.

08 May 2015

NSEL investors plan protest at Mumbai police chief office

Investors hit by the scam at National Spot Exchange (NSEL) plan to stage a protest tomorrow outside Police Commissioner's office here to express displeasure over "shortcomings" in the investigations into the Rs 5,600 crore scandal that surfaced in 2013.

Financial Technologies India Ltd

15 Apr 2015

FTIL's exit from MCX-SX is complete

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

14 Apr 2015

Vested interests trying to scuttle proposed settlement: NSEL

Crisis-hit National Spot Exchange (NSEL), which is being probed several agencies for Rs 5,600 crore alleged scam, Tuesday said vested interests are trying to scuttle its proposed settlement plan to resolve this issue.

13 Apr 2015

NSEL Investors' Action Group alleges "shoddy" probe by police

NSEL Investors' Action Group has alleged "shoddy investigation" by the Mumbai Police in the Rs 5,600 crore NSEL scam and also accused it of protecting the exchange's promoter FTIL and its founder Jignesh Shah.

12 Apr 2015

Assocham lobbies against NSEL merger with parent firm

Opposing the proposed merger of crisis-hit National Spot Exchange Ltd (NSEL) with its parent FTIL, industry body Assocham has said that a company cannot be held liable for "any alleged liability" of a subsidiary.

01 Apr 2015

ED names Jignesh, Massey, 66 others in NSEL case charge sheet

FTIL founder Jignesh Shah, MCX-SX's Joseph Massey and former NSEL CEO Anjani Sinha are among 68 accused named in the Enforcement Directorate (ED) charge sheet in the National Spot Exchange Limited scam case.

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