CHENNAI: Shareholders exiting the annual general meeting on Tuesday of scam-hit FTIL (Financial Technologies India), now known as 63 moons technologies, carried copies of the annual report that had “Hope For Justice“...
SHEROES acquires online counselling platform LoveDoctor
New Delhi: SHEROES, the career portal for women-owned and operated by Delhi-based Applied Life Pvt. Ltd, acquired an online counselling platform, LoveDoctor.in, for an undisclosed amount, the company said in a statement...
Govt makes fresh push for NSEL’s merger with FTIL
The government has made a fresh case for the merger of National Spot Exchange Ltd (NSEL) with its parent Financial Technologies India Ltd (FTIL), now renamed 63 Moons Technologies Ltd. NSEL’s dependence on FTIL for...
NSEL issue: HC’s final hearing on merger with FTIL after 4 weeks
Once a merger is approved, the entire liability of the Rs 5,600 crore of payments would come on FTIL. The high court here has told Financial Technologies (India) Ltd (FTIL) to file a reply in four weeks to the central...
Merger with NSEL will not burden FTIL: Government
MUMBAI: The government has stated that its final order to merge scam-hit National Spot Exchange (NSEL) with its parent FTIL, does not presuppose any liability on the latter for defaults on the spot exchange that went...
Inside a Merger: Perspectives from Inside and Outside Counsel
Matt Furman had spent less than a month as general counsel at the insurance brokerage firm Willis Group Holdings in 2015, when he learned the company was in talks to combine with Towers Watson & Co. Furman said his...
Government Merges NSEL with FTIL
NATIONAL SPOT EXCHANGE LIMITED DRAFT ORDER ON AMALGAMATION OF NATIONAL SPOT EXCHANGE LIMITED WITH FINANCIAL TECHNOLOGIES (INDIA) LIMITED Ministry of Corporate Affairs, on behalf of the Central Government, has issued a...
NSEL Investor Petitions: Sebi Probing FTIL, Promoters
The Securities and Exchange Board of India (Sebi) has told the high court at Mumbai that it is investigating complaints against Financial Technologies (FTIL) and connected entities and promoters, including...
NSEL, FT Merger On The Cards
In December 2015, the Bombay High Court has given 45 more days to the Ministry of Corporate Affairs (MCA) to pass the final order in the proposed merger of scam-hit National Spot Exchange Ltd (NSEL) with its parent...
KSK Mahanadi to NCLT: Change of circumstances calls for fresh bidding
KSK Mahanadi Power Company through its Resolution Professional’s (RP) counsel informed NCLT, Hyderabad, on Monday, that a change of circumstances warrants a fresh invitation of bids under the corporate insolvency...
KKR wins bidding war to acquire medical devices firm Healthium
US private equity firm KKR & Co. has agreed to acquire Bengaluru-headquartered Healthium Medtech Ltd from UK private equity firm Apax Partners for an undisclosed sum. The acquisition will be made by a special...
Investcorp to acquire NSE’s technology services business
Investcorp, a global alternative investment firm, has acquired NSEIT, the digital technology business of the National Stock Exchange (NSE) for Rs1000 crore, stated a press release. The transaction excludes the digital...