In exchange, the investors will transfer their claims against defaulters and third parties to 63 Moons. The forum also revealed that the majority of investors approved the deal
According to the NSEL Investors Forum, the terms of the agreement stipulate that 63 Moons will make the payment as a full and final settlement to the investors
At 02:40 PM; the BSE Smallcap and BSE Midcap indices were down 3.1% and 2.3%, respectively, as against 0.3% decline in the BSE Sensex.
63 Moons, Mercury Ev-Tech, Axiscades, JSW Holdings, Indo Tech Transformers, Zaggle, Motisons, Sunflag Iron and EPACK Durable from the BSE Smallcap index were locked at 5% upper limit on Wednesday.
The stock hit a multi-year high of Rs 990.35, and skyrocketed 181 per cent from level of Rs 352 on October 8 on the BSE
The BSE Smallcap index hit a record high of 57,798.64 in Wednesday's intra-day trade, rallying 11% from a low of 51,952.79 that it touched on November 13, 2024
Shares of 63 Moons Technologies hit over decade high of Rs 766.60, as they locked in upper circuit of 5% on the BSE and rallied 33% in 8 trading days.
PC Jeweller, MTNL, Kitex Garments, 63 Moons Tech, Genus Power, Refex Industries, Solara Active Pharma, and Suraj Estates Developers were locked in 5 per cent lower circuit on the BSE.