| The commodity market regulator has told the government that the fraudridden National Spot Exchange (NSEL) should be merged with the parent Financial Technologies (FTIL) - an unprecedented proposal which could be bitterly resisted by various stakeholders of FTIL, a listed, profitable company.
A merger would transfer NSEL's liabilities of more than Rs 5,000 crore to FTIL that has so far financially ring-fenced itself from the scam at the spot exchange which defaulted and stopped operations a year ago...............................................Full Article: Source
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