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63 Moons hits lower circuit after Bombay High Court rejects writ petition

The stock locked in lower circuit of 5% at Rs 131, down 7% from intra-day high on the BSE.

63 Moons locked 5% lower circuit as Bombay High Court rejects writ petition
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SI Reporter Mumbai
63 Moons Technologies (formerly Financial Technologies) was locked in lower circuit of 5% at Rs 131, down 7% from intra-day high on the BSE, after the company said the Hon'ble Bombay High Court has dismissed its writ petition on the National Spot Exchange Limited (NSEL) merger.

A combined 462,581 shares changed hands and there were pending sell orders for 1.1 million shares on the NSE and BSE till 02:58 PM.

"The Hon'ble Bombay High Court has dismissed our writ petition. However, it has granted 12-week stay on the operation of the merger order,” 63 Moons Technologies said in