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NSEL scam: FMC finds Jignesh Shah, Financial Technologies not fit and proper to run any bourse

Dec 18 2013, 22:12 IST
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When contacted, Jignesh Shah did not respond. PTI When contacted, Jignesh Shah did not respond. PTI
SummaryFMC charges Jignesh Shah and Financial Technologies of being 'highest beneficiary' in NSEL scam.

target="_blank">Financial Technologies India Ltd (FTIL) spokesperson said: "Our lawyers are examining the order and we will revert."

However, sources said that the company is likely to challenge the order in Bombay High Court in the next few days.

When contacted, Jignesh Shah did not respond.

Despite FMC order, shares of MCX rose by 8.29 per cent to close at Rs 421.35 apiece on BSE today. As FMC allowed Blackstone to raise its stake in the bourse. The share price of Financial Technologies was down by 0.89 per cent to Rs 166.80 apiece on BSE today.

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