
Financial
Technologies India (FTIL) is reportedly in talks with investors for out
of court settlement. It is believed that the company may pay more than
Rs 1100 crore to investors, out of which Rs 400-500 crore would be
raised by pledging some of its assets. However, while investors of NSEL,
company promoted by Jignesh Shah-led FTIL, has raised doubts over
company’s chief, Jignesh Shah’s ability of settlement, the out of court
stance of the company would definitely be challenged by its own
shareholders.
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