India: FTIL to sell IEX stake to Madison for $5.2m

India: FTIL to sell IEX stake to Madison for $5.2m

Figure higher than the capital infused in same period over the last seven years, but still off the record high of 2007. Photo By: Photo by Dan Image ID: 100304087

Financial Technologies India Ltd., whose promoter Jignesh Shah is accused in a multi-million dollar scam, today said Madison India will buy its 1.58 per cent stake in Indian Energy Exchange (IEX) for Rs 33.96 crore ($5.2 million).

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