63 Moons Technologies

The BSE Smallcap index hit a record high of 57,798.64 in Wednesday's intra-day trade, rallying 11% from a low of 51,952.79 that it touched on November 13, 2024

Shares of MCX tumbled nearly 9 per cent on Friday after the commodity exchange extended its software support contract with 63 Moons Technologies for a higher fee. The stock fell 8.65 per cent to settle at Rs 1,499.85 apiece on the BSE. During the day, it tanked 12.47 per cent to Rs 1,437. On the NSE, it dived 8.65 per cent to end at Rs 1,500.10 per share. However, shares of 63 Moons jumped 12.66 per cent to end at Rs 244.20 each on the BSE. On the NSE, the company's stock surged 12 per cent to settle at Rs 243 per piece. In separate stock exchange filings on Thursday, Multi Commodity Exchange of India Ltd and 63 moons said the contract has been extended for a period of six months starting July 1. The contract has been renewed at a consideration of Rs 125 crore per quarter, which would translate into Rs 250 crore for the six-month period. On the other hand, 63 moons, formerly known as Financial Technologies India Ltd, said it has "once again agreed to the eleventh-hour request by

Meanwhile, shares of MCX slipped 12 per cent to Rs 1,437 on the BSE.

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MCX shall not be entitled to receive any support on the Exchange Technology software after September 30, 2022, if the trading or settlement system halts for any reason, it said

Shares of Urja Global were locked in the upper circuit for the 15th straight day, up 5 per cent at Rs 18.66, quoting at an all-time high level on the BSE.

Unless there is not a volume-based selling, these stocks could jump as high as 27% in no time.

A two-member ben­ch presiding over the case said, "We do not think that any int­erim order as sou­ght with regard to resolution plan app­roved needs to be passed."

The NCD and FD holders have the largest exposure to the crippled company at Rs 45,000 crore, followed by banks at Rs 35,000 crore and others have an exposure of Rs 5,000 crore.

CBI lawyer Hiten Venegavkar told the court that the complaint filed by the firm has been forwarded to the Chief Vigilance Officer of the Department of Economic Affairs

63 Moons, which had subscribed to the non-convertible debentures (NCD) of DHFL, approached the court after the company failed to repay the money.

The SC will hear the case on 27 November. However, the apex court has said that status quo will continue

In April 2018, the Maharashtra government had issued several notifications and orders to attach property worth Rs 2,500 crore, including reserves of around Rs 1,800 crore in several bank accounts.

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The SFIO also suugested that the I-T department probe 148 brokers

This interim relief came after the corporate affairs ministry and the company had appealed against the NCLT's decision disqualifying the three directors the government had appointed

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Gireesh BabuSecurities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 lakh on 63 Moons Technologies Ltd, formerly known as Financial Technologies (India) Ltd, for failing to comply with the regulatory requirement to get prior approval from the exchanges before fresh name change, under the Listing Obligations and Disclosure Requirements (LODR) regulations.The allegation was that the company, while changing its name from Financial Technologies to 63 Moons Technologies, was first required to seek prior approval from the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) for the same, but instead first obtained the fresh certificate of incorporation and then informed the exchanges.The company argued that the name change was in public domain much before the applicability of the said regulation and it was convered in its Annual Report for 2014-15. In April and May, 2016, it has also notified about the name change.The market regulator observed that the company ...