63 moons technologies limited has informed the Exchange about Sale or disposal
63MOONS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
63 moons technologies has signed a Share Purchase Agreement on February 13, 2026 to sell its entire residual stake of 21,00,86,610 equity shares (about 21 crore shares) in its associate company NTT Data Payment Services India Private Limited (formerly ATOM Technologies) to NTT Data Group Corporation for USD 18,432,925 (roughly Rs. 160+ crore). The sale is being carried out pursuant to an order from the Hon'ble MPID Court (linked to the NSEL matter), and on receipt of funds, 63 moons must deposit the INR equivalent (after tax deduction) into the designated NSEL MPID Competent Authority bank account as security in lieu of attachment. The associate contributed Rs. 120.75 lakhs of profit attributable to 63 moons' shareholding in FY25, with attributable net worth of Rs. 4,201.33 lakhs, and had nil turnover contribution as an associate. Expected completion date is February 20, 2026. The buyer is not a related party or promoter group entity.
Minimal direct earnings impact since the associate contributed negligible profit, but the sale frees 63 moons from a lingering legal overhang tied to the NSEL case. However, since proceeds must be deposited with the NSEL MPID authority as security rather than flowing to the company, shareholders should not expect a cash windfall from this transaction.