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Financial Technologies concludes IEX stake sale

Financial Technologies said that it has completed the sale of its remaining 5 percent stake in Indian Energy Exchange(IEX).

In a regulatory filing, Financial Technologies said that “The company has concluded the sale of balance 5 per cent equity stake in IEX on a fully diluted basis… With the conclusion of the transaction, the company has competed sale of its entire 25.64 per cent stake in IEX”.

The company, during the transaction, has sold 3.02 percent stake to Siguler GUFF NJDM Investment Holdings, 1.61 percent to SG BRIC III Trading LLC and 0.37 percent to Madison India Opportunities III.

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