India's 63 Moons Technologies hits upper circuit after favourable court ruling

63 Moons Technologies

23/08/2019 09:51

** Shares in Indian financial services company 63 Moons
Technologies Ltd  63MO.NS  rise ~10% to 115.20 rupees to hit
upper circuit
    ** Bombay High Court on Thursday ruled https://www.bseindia.com/xml-data/corpfiling/AttachLive/B60A4A00_E501_4369_8ABD_9FD2DA632FBC_123335.PDF
 that the government of Maharashtra cannot seize assets of the
firm in a case that involves its National Spot Exchange Ltd
(NSEL) unit
    ** NSEL had defaulted on a payout obligation to 13,000
investors and trading members, media reports said on Friday
    ** Stock on track for its fourth consecutive session of
gains
    ** "We are committed to rise like Japan as it did after the
bombings of Hiroshima and Nagasaki," said Jignesh Shah, chairman
emeritus of 63 Moons 
    ** As of last close, stock up 6.02% so far this year

 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; 910867497919;))