Seek strategic partners; to divest 26% stake: Jignesh Shah

Written By Unknown on Rabu, 12 Maret 2014 | 16.03

Infosys, Cognizant, L&T Infotech and Reuters have shown interest in picking up stake in FTIL, Shah said.

Financial Technologies  promoter Jignesh Shah is ready to divest up to 26 percent stake in his company. Speaking to CNBC-TV18's Ashmit Kumar, Shah said the company is looking at strategic partners and has given itself four months to do so.

Infosys , Cognizant, L&T Infotech and Reuters have shown interest in picking up stake in FTIL, Shah said. He also said the company is open to considering sale of shares at a discount to market price. Currently, Shah holds 45 percent in FTIL.


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