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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 sale of stake in MCX Stock Exchange Limited (MCX-SX)

December 24, 2014, 6:22 pm | Source: BSE

With reference to the earlier announcement regarding Update on sale of stake in MCX Stock Exchange Limited (MCX-SX) Financial Technologies (India) Ltd has now informed BSE about the following:

1. 27165000 equity shares of MCX-SX were transferred to Dr. Rakesh Jhunjhunwala and consideration has been received;

2. the 384800000 warrants has been transferred in the name of investors and the investors have converted the said warrants into equity shares and accordingly the Company has received the consideration;

3. one of the investor. M/s. SKS Capital & Research Pvt. Ltd. have expressed its inability to purchase the warrants and accordingly both the parties agreed to terminate the Agreement;

4. one of the investor Mr. Uday Shah has agreed to purchase additional 5000000 warrants accordingly the amendment to Warrant Purchase Agreement (WPA) has entered into between the parties subject to other terms and conditions of WPA will remain same;

5. the balance 172660000 warrants will be transferred to Escrow Agent in terms of WPA and the said warrants will be transferred to the investors from the Escrow Account as per terms & conditions of Escrow Agreement.