63 Moons Technologies Ltd.

BSE: 526881 | NSE: 63MOONS
Small Cap | IT - Software
677.90
-0.75 (-0.11%)
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Financial Technologies India rises on executing Perpetual License Agreement with IEX

Date: 01-09-2015

Financial Technologies India is currently trading at Rs. 122.00, up by 3.75 points or 3.17% from its previous closing of Rs. 118.25 on the BSE.

The scrip opened at Rs. 122.50 and has touched a high and low of Rs. 125.80 and Rs. 121.70 respectively. So far 31,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 266.00 on 05-Sep-2014 and a 52 week low of Rs. 110.00 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 125.80 and Rs. 115.00 respectively. The current market cap of the company is Rs. 560.00 crore.

The promoters holding in the company stood at 45.63% while Institutions and Non-Institutions held 17.17% and 37.20% respectively.

Financial Technologies India (FTIL) has executed a Perpetual License Agreement with IEX for granting license of the application software PowerARMS DAM, PowerARMS TAM & REC, Back Office and SLDC software installed in India along with source code to IEX exclusively for its internal use and to exploit and modify the same for any further development including trading from worldwide for the purpose defined in the said agreement, for an aggregate one-time license-fee of Rs 108 crore.

The said license is perpetual, irrevocable, non-transferable and non-assignable. Further the conclusion of the said agreement is subject to completion of customary conditions precedent.

FTIL is a flagship company of the Financial Technologies Group. It provides technology solutions and domain expertise for digital transactions and financial markets across all asset class including equity, commodities, currency and debt.