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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

Update on MCX divestment

September 29, 2014, 7:32 am | Source: BSE

Financial Technologies (India) Ltd (FTIL) has informed BSE that on September 27, 2014 FTIL & MCX have executed a Master Amendment to Principal Agreements (Supplementary Agreement) for providing Software support & Managed Services on mutually agreed terms & conditions until the year 2022 and further renewal as may be mutually agreed between the Parties.

The inter cilia commercial terms & conditions of the Supplementary Agreement is as below:

1. Fixed Chagres Rs. 1.5 crore per month including managed services payable in advance on semiannual basis;

2. Variable Charges 10.3% of gross transaction fees, by whatever name called to be paid in 30 days;

Due to this Supplementary Agreement, and based on the current volume of MCX and assuming MCX daily volume remain same, the negative impact on the total income of the Company would be around Rs. 8.82 crores for the period 2014-15.