Crossing the thresholds, departing MCX-SX, FTIL entered a pact with
Rakesh Jhujhunwala, selling its stake and warrants in stocks bourse to the
latter.
Expressively, a share and warrant purchase agreement was entered
into, with Dr. Rakesh Jhunjhunwala;
whilst separate warrant purchase agreements were moved in by FTIL, with M/s.
Edelweiss Financial Services Limited, M/s. Trust Investment Advisors Pvt. Ltd.
Ms. Viral A. Parikh, M/s. Nemish S. Shah H.U.F., M/s. Derive Investments, Mr.
Kalpraj Dharamshi, Mr. Dhanesh Sumatilal Shah, Mr. Uday Shah, Ms. Madhuri Kela,
Ms. Renuka Shah, M/s. SKS Capital & Research Pvt. Ltd. and Ms. Madhu Vadera
Jayakumar for sale of its 100% stake in MCX-SX comprising 2,70,00,000 equity
shares and 56,24,60,000 warrants for an aggregate consideration of Rs. 88.419 crore.
Rakesh jhunjhunwala, a billionaire investor, had earlier purchased
stock of MCX - close to 2%, earlier this year, now purchased stock of MCX-SX,
thus enabling FTIL to exit MCX-SX entirely. FTIL divested all of MCX-SX stock,
which took place on 26 November, 2014.
