Epic research Update : Financial Technologies India

Financial Technologies India (FTIL) is reportedly in talks with investors for out of court settlement. It is believed that the company may pay more than Rs 1100 crore to investors, out of which Rs 400-500 crore would be raised by pledging some of its assets. However, while investors of NSEL, company promoted by Jignesh Shah-led FTIL, has raised doubts over company’s chief, Jignesh Shah’s ability of settlement, the out of court stance of the company would definitely be challenged by its own shareholders.

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Posted in: Indian Market Tips