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63 Moons Technologies Announces Subsidiary Restructuring Amid Tribunal Directive

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63 Moons Technologies Announces Subsidiary Restructuring Amid Tribunal Directive

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An announcement from 63 Moons Technologies Ltd. ( (IN:63MOONS) ) is now available.

63 Moons Technologies Ltd. has announced a restructuring of its non-material subsidiary, Ticker Limited, following a directive from the National Company Law Tribunal (NCLT) to re-run the Corporate Insolvency Resolution Process for Baron Infotech Limited due to procedural issues. The resolution plan was not in question as creditors were to receive full payment, aligning with the principles of the Insolvency and Bankruptcy Code. The company is exploring various options in light of this development, with stakeholders being reassured of the ongoing commitment to resolving the matter efficiently.

More about 63 Moons Technologies Ltd.

63 Moons Technologies Ltd. operates in the technology industry, providing a range of digital and financial technology solutions. The company focuses on developing innovative products and services that cater to the financial markets and related sectors.

Average Trading Volume: 20,345

Technical Sentiment Signal: Buy

Current Market Cap: 35.65B INR

For a thorough assessment of 63MOONS stock, go to TipRanks’ Stock Analysis page.

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