India's 63 Moons Technologies rises after top court ruling

63 Moons Technologies

02/05/2019 06:27

** 63 Moons Technologies Ltd's shares  63MO.NS  rise 10 pct
to a two-week high
    ** India's Supreme Court has set aside co's merger with
National Spot Exchange Ltd on Tuesday  urn:newsml:reuters.com:*:nFWN22C0N1
    ** "We find that no reasonable body of persons properly
instructed in law could possibly arrive at the conclusion that
the impugned order has been made in public  interest," court
says according to statement https://www.bseindia.com/xml-data/corpfiling/AttachLive/4c7b6a3d-54cb-47b3-ae51-86aeac8c3ac0.pdf
 from co filed to exchanges
    ** Co's stand that merger will serve no purpose to
stakeholders has been vindicated, co's MD says in statement
    ** Shares, which are up for fourth straight session, have
risen 26.8 pct YTD as of last close

 ((Derek.francis@tr.com))