63 Moons shares rise 18% as NCLT clears National Spot Exchange settlement scheme

The approval marks a significant milestone in resolving one of India’s most protracted market disputes. Under the scheme, traders will receive payments proportionate to their outstanding dues as of 31 July 2024, and all legal cases against the group will be closed, with rights assigned in favour of 63 Moons.

For more info: https://www.cnbctv18.com/market/63-moons-shares-rise-18-pc-as-nclt-clears-national-spot-exchange-settlement-scheme-19775414.htm?utm_medium=social&utm_source=x&utm_campaign=regular-editorial

63 Moons shares rise 18% as NCLT clears National Spot Exchange settlement scheme The approval marks a significant milestone in resolving one of India’s most protracted market disputes. Under the scheme, traders will receive payments proportionate to their outstanding dues as of 31 July 2024, and all legal cases against the group will be closed, with rights assigned in favour of 63 Moons. For more info: https://www.cnbctv18.com/market/63-moons-shares-rise-18-pc-as-nclt-clears-national-spot-exchange-settlement-scheme-19775414.htm?utm_medium=social&utm_source=x&utm_campaign=regular-editorial
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63 Moons shares rise 18% as NCLT clears National Spot Exchange settlement scheme - CNBC TV18
Shares of 63 Moons jumped over 18% after the NCLT approved a one-time settlement scheme between NSEL and 5,682 traders, with over 92% voting in favour, bringing long-awaited closure to the decade-old crisis.
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