FTIL will also have to earmark Rs 84 crore on account of royalty fee received from NSEL
The Economic Offences Wing (EOW) has directed Financial Technologies to refrain from using the company's funds. It has been asked to use funds only to pay statutory dues and wages.
The EOW has also told FTIL not to make third party rights on the company's assets, without first taking its permission.
FTIL will also have to earmark Rs 84 crore on account of royalty fee received from NSEL.
Meanwhile, Financial Technologies on Monday said its Board has unanimously opposed the Ministry of Corporate Affairs (MCA ) petition to Company Law Board (CLB) seeking "removal and supersession" of the FTIL Board.
Financial Tech stock price
On March 03, 2015, Financial Technologies closed at Rs 205.30, down Rs 9.1, or 4.24 percent. The 52-week high of the share was Rs 403.60 and the 52-week low was Rs 135.75.
The company's trailing 12-month (TTM) EPS was at Rs 17.26 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 11.89. The latest book value of the company is Rs 522.91 per share. At current value, the price-to-book value of the company is 0.39.
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