63 Moons Merger : A Matter of huge Concern

The merger order of Ministry of Corporate Affairs to merge two private corporate entities—NSEL and 63 moons, forcefully is an unwarranted recourse to the infamous NSEL case. The areas of concerns involving this case are multiple-- from legislative and fiscal purview—to public interest. The...

Read More

Why Amalgamate Private Sector Entities?

The Government’s draft order directing the merger of NSEL with 63 moons is one of its kind, as this is the first instance involving two private sector companies. Both NSEL and 63 moons belong to one group in the private sector. This is the first time that a listed entity in the private sector...

Read More

A Merger that Breaches Limited Liability | 63 Moons

It’s the first time that a subsidiary company is being forcefully merged with its parent company, through an executive fiat overruling the judiciary which defeats the fundamental edifice of Limited Liability under the Indian Companies Act, 1956. The areas of concerns involving this case are...

Read More

Jignesh Shah - The Modern Entrepreneur

If one were to attribute few adjectives to Jignesh Shah, they would be - ambitious, far-sighted, well-versed, and innovators. An erratic business sense, combined with luck and unusual skills took Shah to an astonishing climb. It is rare to see a thought converting into a state of the art financial...

Read More

63 Moons Contribution To Financial Markets

63 Moons played a prominent role in the Indian financial system with the distinction of being the only entity in India to establish 10 exchanges covering all the asset classes including equity, debt, currency, commodities and energy along with an extensive ecosystem of supporting institutions in India & abroad. It enabled tech-centric market systems that democratized markets and provided...

Read More

63 Moons Cripped : What the Nation Lost

63 moons technologies limited is a well-run company, with close to 60,000 public shareholders, an accomplished Board and a dynamic management, that has steered this company from being a start-up in early 2000s to one of the most respected and...

Read More

If not for Vested Interests, The NSEL Crisis could have been Solved Easily

To understand the NSEL Crisis, one needs to take note of the following points: ·        NSEL had a valid and legal business model ·        There was no omission or commission on part of the NSEL Board ·       ...

Read More

63 moons innovation for efficient price discovery

MCX emerged as the world’s third biggest exchange in terms of contracts traded. Global leadership in trading of contracts in gold, silver and energyIn 2012, MCX accounted for 8 of the top 20 metals commodity contracts traded in the world . A nationwide study by Tata Institute of Social Sciences showed...

Read More

The Fiercely Ambitious Man : Jignesh Shah

Jignesh Shah had nurtured dreams of becoming a business tycoon since the tender age of six. This goes on to show the burning ambition of the man, now known as the ‘Baadshah of Exchanges’. After passing out as an electronics engineer, he worked for the BSE, with a team that was in the process...

Read More