India's 63 moons technologies jumps on National Spot Exchange settlement scheme approval

63 Moons Technologies

28/11/2025 08:00

Adds comments from statement from National Spot Exchange in bullets 2, 3, and 4

** Shares of 63 moons technologies 63MO.NS jump 14.3% to 893.10 rupees, set to gain for fourth straight session

** National Company Law Tribunal approved the one-time settlement scheme between National Spot Exchange (NSEL) and traders, NSEL said in a statement

 ** NSEL, with the support of its parent 63 moons technologies had filed a Scheme of Settlement before NCLT for a one-time amicable full and final settlement with 5,682 Traders

 ** Settlement scheme for payment of 19.50 bln rupees ($218 mln) to 5,682 traders in proportion to their outstanding as on July 31, 2024

** Trading vols at 4.5 mln shares so far, 40x the 30-day average

** The NCLT approval marks a final stop for the 12-year long NSEL crisis, potentially leading to all legal cases against company being withdrawn

** 63MO trims YTD losses, down 1% in 2025

($1 = 89.4700 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))