Financial Technologies (India) has begun the process of selling its 23 per cent stake (or 57.5 lakh shares) in MCX-SX Clearing Corporation to comply with a SEBI order. The securities market regulator had directed FTIL to divest its shareholding in several entities, including MCX-SX Clearing Corporation. Traders and analysts will be keenly watching developments on this front. A successful stake sale could boost the share price of FTIL.
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