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This is an archive article published on September 17, 2012

Blackstone buys 6 Financial Tech stake

Financial Technologies India Ltd FTIL today said private equity firm Blackstone GPV Capital Partners,Mauritius,has increased its stake in the company to over 6 per cent through open market transactions.

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Financial Technologies India Ltd FTIL today said private equity firm Blackstone GPV Capital Partners,Mauritius,has increased its stake in the company to over 6 per cent through open market transactions.

In a filing to the Bombay Stock Exchange BSE,FTIL said Blackstone has acquired an additional 1.137 per cent stake or 5,24,054 shares in the company,taking the total holding to 6.105 per cent or 28,13,005 shares.

Before the acquisition,Blackstone held 4.967 per cent or 22,88,951 shares in the Jignesh Shah-promoted company,the filing said.

Blackstone acquired 0.597 per cent stake 2,75,054 shares in FTIL on September 13,while it bought 0.54 per cent stake 2,49,000 shares on Friday,the filing noted.

The total promoter holding in FTIL as on quarter ended June,2012,stands at 45.69 per cent,while others hold 29.9 per cent stake.

 

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