While the Kotak Group is expected to be front runner for the same, a final agreement can be expected by April 25.
The deadline is nearing for Financial Technologies to sell 24 percent stake in MCX. Sources tell CNBC-TV18 that the MCX stake sale has reached its second stage.
Four names have been shortlisted for the next process. While the Kotak Group is expected to be front runner for the same, a final agreement can be expected by April 25.
Financial Tech stock price
On April 10, 2014, Financial Technologies closed at Rs 364.70, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 870.30 and the 52-week low was Rs 102.05.
The company's trailing 12-month (TTM) EPS was at Rs 50.03 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 7.29. The latest book value of the company is Rs 580.93 per share. At current value, the price-to-book value of the company is 0.63.
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