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63 Moons Technologies Ltd.

BSE: 526881 Sector: IT
NSE: 63MOONS ISIN Code: INE111B01023
BSE 15:53 | 27 Mar 2018 63 Moons Technologies Ltd
NSE 05:30 | 01 Jan 1970 63 Moons Technologies Ltd

Issue of perpetual license to Indian Energy Exchange Limited (IEX)

August 31, 2015, 7:54 pm | Source: BSE

Financial Technologies (India) Ltd has informed BSE that on August 31 2015 the Company has executed a Perpetual License Agreement with IEX for granting license of the application software PowerARMS? DAM PowerARMS? TAM & REC Back Office and SLDC software installed in India along with source code to IEX exclusively for its internal use and to exploit and modify the same for any further development including trading from worldwide for the purpose defined in the said Agreement for an aggregate one-time license-fee of Rs.108 crores. The said license is perpetual irrevocable non-transferable and non-assignable. Further the conclusion of the said Agreement is subject to completion of customary conditions precedent.