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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 10, 2014

May 3, 2014, 10:15 am | Source: BSE

Financial Technologies (India) Ltd (FTIL) has informed BSE that the Board of FTIL met on May 02, 2014 and took note on the progress on the divestment of 24% stake in MCX, since the last Board meeting held on April 25, 2014. The Board was to deliberate on the final bidder at Board Meeting held on May 02, 2014.

However, in the light of developments of MCX releasing executive summary of the Report of special audit conducted by PWC, some of the bidders have requested for the full report and also further information about MCX. Their request has been sent to MCX by the Company's Merchant Bankers. In view of this, the bidders have not submitted the binding bids.

Accordingly, the Board has decided to meet again on May 10, 2014 to review the progress on the divestment of 24% stake in MCX.