Blackstone ups stake over 6% in Financial Tech

Financial Technologies India said private equity firm Blackstone GPV Capital Partners, Mauritius, has increased its stake in the company to over 6 percent through open market transactions.

In a filing to the Bombay Stock Exchange (BSE), FTIL said Blackstone has acquired an additional 1.137 percent stake or 5,24,054 shares in the company, taking the total holding to 6.105 percent or 28,13,005 shares.

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Before the acquisition, Blackstone held 4.967 percent or 22,88,951 shares in the Jignesh Shah-promoted company, the filing said. Blackstone acquired 0.597 percent stake (2,75,054 shares) in FTIL on September 13, while it bought 0.54 percent stake (2,49,000 shares) on Friday, the filing noted.

The total promoter holding in FTIL as on quarter ended June, 2012, stands at 45.69 percent, while others hold 29.9 percent stake.

PTI