Page 2 - 63 Moons Technologies

Sebi slaps Rs 1 lakh fine on 63 moons for not seeking name change approval

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 ...

63 Moons Technologies plunges over 30% in four days

The stock dipped nearly 20% to Rs 95 on the BSE on back of heavy volumes today

Bombay HC approves merger of National Spot Exchange with 63 moons

The court, however, extended for 12 weeks an interim stay granted last year to the merger order passed by Union Ministry of Corporate Affairs on Feb 12, 2016

63 Moons hits lower circuit after Bombay High Court rejects writ petition

The stock locked in lower circuit of 5% at Rs 131, down 7% from intra-day high on the BSE.

63 moons appoints S Rajendran as new MD after Prashant Desai resigns

Rajendran has been MD & CEO of Union Bank of India

63 Moons Technologies to commercialise its IPRs

Management says company continues to face challenging and hostile environment