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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

Outcome of Board Meeting & Another Board Meeting on May 02, 2014

April 25, 2014, 8:14 pm | Source: BSE

Financial Technologies (India) Ltd (FTIL) has informed BSE that:

The Board of FTIL met today and took note of the progress on the divestment of 24% stake in MCX. The Board was to recommend the final bidder at today's Board Meeting.

The Board took note of the development since the last meeting on Aril 02, 2014 and the meeting of the Restructuring Committee held on April 11, 2014 and, noted that the due-diligence efforts including sharing of information from MCX and FTIL, and management interaction with MCX and FTIL has progressed well.

The Board expected the bidders to submit their final bid today. However, in the light of the MCX intimation to the exchange on their Board Meeting on April 26, 2014, all the bidders have sought an extension of time.

The Board has considered their request and has decided to meet again on May 02, 2014 to review the agenda set for today's meeting.