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Financial Technologies to raise Rs 1,500 cr via various routes

Financial Technologies India, promoter of country's leading commodity exchange MCX, today said it will raise Rs 1,500 crore by issuing shares in the international markets and by private placement of shares with buyers.

The company would raise funds by issuing shares in the form of Global Depository Receipts, American Depository Receipts and Foreign Currency Convertible Bonds, Financial Technologies said in a filing to the Bombay Stock Exchange (BSE).

The funds would might also be raised by private placement of shares with potential buyers, the filing added.

Source: Business Standard

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