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63 Moons Technologies Ltd.

BSE: 526881 Sector: IT
NSE: 63MOONS ISIN Code: INE111B01023
BSE 00:00 | 24 Apr 2020 63 Moons Technologies Ltd
NSE 05:30 | 01 Jan 1970 63 Moons Technologies Ltd

Update on divestment in Indian Energy Exchange Limited (IEX)

October 20, 2015, 6:30 pm | Source: BSE

With reference to the earlier communications regarding Update on divestment in Indian Energy Exchange Limited (IEX) from time to time Financial Technologies (India) Ltd has further informed BSE as under:

- Without prejudice to the Companys legal rights and remedies on October 20 2015 the Company have entered into a Share Purchase Agreement (SPA) with Madison India Opportunities III for sale of 478834 (i.e. 1.58% stake in IEX on fully diluted basis) equity shares of Rs. 10/- each of IEX for an aggregate consideration of Rs. 33.96 crores.

The said transaction is subject to fulfillment of certain condition precedents.