Private equity player Blackstone GPV Capital Partners (Mauritius) has increased its stake to over six per cent in Financial Technologies (FTIL). The stake-buy took place through open market transactions.

In a filing to the BSE, FTIL said Blackstone has raised its stake to 6.1 per cent from 4.9 per cent in the Jignesh Shah-promoted company.

In terms of number of shares, Blackstone now holds 28,13,005 shares as compared with 22,88,951 shares, held before the stake-buy.

As of June, the promoters hold 45.69 per cent stake, FIIs hold 22.08 per cent and DIIs 8.64 per cent stake in FTIL.

On Monday, FTIL shares closed at Rs 905.80, down 0.59 per cent from its previous close on the BSE.

(This article was published on September 17, 2012)
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