Financial Tech gets shareholders' nod to raise Rs 1,000 cr

Shareholders of Financial Technologies have approved an enabling resolution for the company to raise Rs. 1000 crore. The resolution enables the company to raise money through equity shares, GDRs, ADRs or convertible instruments such as bonds, debentures, FCCBs and warrants. The resolution was passed at the company’s AGM held on September 29, 2011.