Day: March 8, 2014

Over last 2 days (5th & 6th March 2014), Merill lynch Capital Market Espana has bought shares worth Rs 18 crore in Financial Technologies. As per the bulk deal information with Stock exchange, On Thursday, Merril Lynch acquired 2.64 lakh shares at Rs 370.07 per share for total value of ₹9.77 crore in an open market transaction. On Wednesday, it bought 2.35 lakh shares at Rs 348 per share worth Rs 8 crore in open market. Financial Technologies and Multi Commodity Exchange of India Ltd ( MCX) are under scanner of market regulator SEBI as well as other agencies for various violations. The commodity market regulator has declared Financial Technologies and Multi Commodity Exchange not fit and proper to operate a commodity exchange. The regulator also ordered Financial Technologies to bri...

Promoters of Reliance MediaWorks  - Reliance Land Private Ltd & Reliance Capital Ltd, have offered to purchase 51 lakh shares (26.70% stake). The buy back worth Rs 251 crore (Rs 48.65 / share) is part of plan to delist the company. Reliance MediaWorks is a part of Anil Ambani-led Reliance Group. Reliance Land holds 54.54 % in the company while Reliance Capital's shareholding is 18.76 %. Together, they hold 73.30 % in the company. The offer would be open from March 20 to March 26 2014. After reaching a minimum of 90%  of the equity capital and fulfilment of other conditions stipulated under the delisting regulations, the company will seek to voluntarily delist the equity shares from BSE and NSE. Shares of the company rose nearly 1% to Rs 56.55 per share