63 Moons shares rise 18% as NCLT clears National Spot Exchange settlement scheme

Shares of 63 Moons Technologies surged more than 18% on Friday after the National Company Law Tribunal (NCLT), Mumbai, approved the long-awaited one-time settlement scheme between National Spot Exchange Ltd (NSEL) and its specified creditors.

As per the filing, 92.81% of traders by number and 91.35% by value voted in favour of the settlement, which provides for a payment of ₹1,950 crore to 5,682 traders whose funds have been stuck since the 2013 NSEL payment crisis.

The approval marks a significant

milestone in resolving one of India’s most protracted market disputes. Under the scheme, traders will receive payments proportionate to their outstanding dues as of 31 July 2024, and all legal cases against the group will be closed, with rights assigned in favour of 63 Moons.

The company noted that its support proved critical to bringing the matter to closure, recalling that NSEL — backed by 63 Moons — had earlier disbursed ₹179 crore in August 2013 to more than 7,000 small traders with dues below ₹10 lakh.

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Neeraj Sharma, MD & CEO of NSEL, said the outcome “would not have been possible without the positive approach of the present BJP Government (Central & State)” in resolving the issue, noting that it had remained stalled during the previous administration.

Sharad Kumar Saraf, Chairman of the NSEL Investors’ Forum, also welcomed the decision, expressing gratitude for efforts made by NSEL, 63 Moons, and government authorities.

Following the announcement, shares of 63 Moons Technologies Ltd hit an intraday high of ₹931.40, and were trading at ₹923.40, up 18.17% on the NSE as of 2:21 pm.