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FTIL-NSEL Merger News

14 Feb 2016

FTIL-NSEL merger: MCA says 96% objections 'orchestrated'

In a first-ever move forcing the amalgamation of two private companies, the MCA has ordered the merger of crisis- hit National Spot Exchange Ltd (NSEL) with its parent FTIL (Financial Technologies India Ltd) in "public interest".

Commodities spot exchange

04 Feb 2015

Bombay HC lifts stay to FTIL-NSEL merger

The proposed merger of the crippled commodities spot exchange NSEL with its parent FTIL got a shot in the arm today with the Bombay High Court lifting the stay order it had passed last November, and asking the government to pass the final order.

16 Sep 2014

FTIL opposes merger of NSEL with itself

FTIL on Tuesday opposed the merger of scam-hit NSEL with itself as proposed by regulator FMC for speedy recovery of dues.

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