63 moons sells residual stake in NTT Data Payment Services for $18.43M
63 moons technologies limited will sell its residual 21,00,86,610 equity shares in NTT Data Payment Services India Private Limited for $18.43 million. The transaction, directed by an MPID Court Order, is expected to be completed by February 20, 2026. The proceeds will be deposited with the Competent Authority NSEL MPID after tax deductions.
The sale of a significant stake in an associate company, even if residual, can impact the company's future earnings and strategic positioning, warranting a medium impact.
The transaction is a sale of residual stake as per a court order and does not inherently suggest positive or negative performance, making the sentiment neutral.
63 moons technologies limited has entered into a Share Purchase Agreement on February 13, 2026, with NTT Data Group Corporation and NTT Data Payment Services India Private Limited for the sale of its residual shareholding. The company will sell 21,00,86,610 equity shares in NTT Data Payment Services India Private Limited, an associate company, for an aggregate consideration of USD 18,432,925.
As per the directive from the Hon’ble MPID Court's Order, upon receipt of the sale consideration, 63 moons will deposit the INR equivalent, after deducting applicable taxes, into the designated bank account of the Competent Authority NSEL MPID. This deposit will serve as security in lieu of attachment.
The sale is expected to be completed by February 20, 2026. For the financial year 2024-25, the profit attributable to 63 moons' proportionate shareholding in the associate company was ₹120.75 lakhs, and the net worth attributable was ₹4201.33 lakhs. The turnover contribution from the associate company was Nil as there is no line-by-line consolidation for associate entities.
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63 moons technologies limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by 63 moons technologies limited. Read the original for the full detail.