Shares of 63 Moons Technologies were locked in the 5% upper circuit at Rs 343.20 per share on Tuesday after getting offer to settle NSEL default.
On Sunday, Jignesh Shah, the promoter of 63 Moons, stated that it had received a communication from the NSEL Investors Forum suggesting that the firm and NSEL explore a one-time settlement to resolve the litigation arising from payment default by defaulters on the NSEL platform.
The NSEL Investors Forum, which represents the majority of investors, has been spearheading court cases to recover money from defaulters.
The NSEL Investors Forum has stated that they will connect with all traders and present a concrete proposal after the majority of traders have given their consent, said 63 Moons in a statement.
Stock Performance
– Open: ₹343.20
– High: ₹343.20
– Low: ₹340.05
