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NCLT Approves NSEL’s One-Time Settlement with Traders

Story Highlights
  • 63 Moons Technologies Ltd. supports financial technology solutions for trading platforms.
  • NCLT approves a Rs. 1,950 crore settlement for NSEL traders, facilitated by 63 Moons.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NCLT Approves NSEL’s One-Time Settlement with Traders

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The latest update is out from 63 Moons Technologies Ltd. ( (IN:63MOONS) ).

The National Company Law Tribunal (NCLT) in Mumbai has approved a significant One-Time Settlement Scheme between National Spot Exchange Limited (NSEL) and its traders, facilitated by 63 Moons Technologies Ltd. The settlement involves a payment of Rs. 1,950 crores to 5,682 traders, resolving outstanding legal cases and transferring traders’ rights to 63 Moons, showcasing the company’s commitment to supporting traders despite no direct financial obligation.

More about 63 Moons Technologies Ltd.

63 Moons Technologies Ltd. operates in the technology sector, providing financial technology solutions. The company focuses on offering services and products that enhance trading and financial market operations, with a significant role in supporting exchanges and trading platforms.

Average Trading Volume: 8,011

Technical Sentiment Signal: Buy

Current Market Cap: 34.86B INR

See more insights into 63MOONS stock on TipRanks’ Stock Analysis page.

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