Reliance Capital Trustee Company Ltd., on Thursday, offloaded 2.6 per cent stake in Financial Technologies India Ltd (FTIL) for over Rs.25 crore amid a steep plunge in the company’s share price.

Individually, Reliance Capital Trustee Company sold 7.80 lakh shares of FTIL on the National Stock Exchange, while another 4.10 lakh shares of the company were offloaded on the BSE, as per bulk deal data available with the bourses.

These 11.91 lakh shares together constituted 2.58 per cent stake in FTIL.

The shares were sold on an average price of about Rs.212.81, valuing the transaction at Rs.25.35 crore, data showed.

As of June quarter, Reliance Capital Trustee Company held 18.70 lakh shares, amounting to 4.06 per cent stake, of FTIL. Besides, as many as 37 bulk deals were witnessed in the shares of FTIL on the stock exchanges by various entities, including Way2Wealth Brokers, Wellindia Securities and Adroit Financial Services.


Financial Tech shares tank 65%August 1, 2013