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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

Sale of Shares by FTIL in Indian Energy Exchange Ltd. (IEX)

March 24, 2014, 5:54 pm | Source: BSE

Financial Technologies (India) Ltd has informed BSE that on March 24, 2014 the Company has entered into a Share Purchase Agreement (SPA) for sale of 13,64,787 equity shares (face value of Rs. 10/- each) of lEX to Golden Oak (Mauritius) Limited, for a consideration of Rs. 72.89 crores.

The abovesaid sale of shares was to comply with Central Electricity Regulatory Commission (CERC) Regulations to bring down the Companyís stake in lEX to 25%. Accordingly, the Company has consummated the abovesaid transaction.

Subsequent to the above said transaction, the shareholding of the Company in lEX will be 28.49% and on fully diluted basis 25.64%.