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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

Clarification/Confirmation on news item appearing in CNBC TV 18

June 17, 2014, 2:00 pm | Source: BSE

The Exchange had sought clarification from Financial Technologies (India) Ltd (FTIL) with respect to the news item which appeared in the CNBC TV 18 dated June 17, 2014 captioned FT plans to exit IEX via an IPO.

In reply thereto the Company has informed as follows:

On the captioned subject, for which we wish to submit as under:

As communicated vide our letter dated February 27, 2014, that without prejudice to the legal rights and remedies, FTIL would like to exit from Exchange businesses. Accordingly, process to sell its stake in MCX which is currently on and the same has been updated to the Exchanges from time to time. For other Exchanges, FTIL is evaluating various options to exit, including IPO. With regards to your observation on the price of Company's scrip increase by 3.66% on June 17, 2014, we refrain to comment on the same.

Now with respect to seeking clarification, we would like to clarify as under:

As a policy of the Company, we do not wish to comment on any speculative news reporting.

As a respectable corporate, any such definitive decision as required under Clause 36 of the Listing Agreement will be first intimated to the Exchanges as we have adhered in the past.

As a responsible corporate and as a matter of good corporate governance practice, any price sensitive information pertaining to operations or performance of the Company, or such other information as required under Clause 36 of the Listing Agreement, will be first notified to the Stock Exchanges to comply with the Listing Agreement.