India's 63 Moons Technologies hits upper circuit on approving settlement deal

63 Moons Technologies

16/12/2024 04:15

** 63 Moons Technologies  63MO.NS  rises exchange-allowed
upper circuit of 5% to 895.5 rupees
    ** IT services provider approves one-time settlement of
19.50 bln rupees ($230 mln) as proposed by NSEL Investors Forum,
representing unpaid claimants
    ** Majority of unpaid claimants, both in terms of number and
claim value, voted in favour of settlement proposal
    ** Stock set to snap two sessions of losses
    ** 63MO up ~90% YTD

($1 = 84.7975 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))