SAT places SEBI order in Abeyance in 63 moons STP Gate case equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Information Technology stocks were trading with losses, with the S&P BSE IT Sector index falling 77.94 points or 0.3% at 25895.84 at 13:48 IST. Among the components of the S&P BSE IT Sector index, 63 Moons Technologies Ltd (down 2.55%), Ramco Systems Ltd (down 1.79%),KPIT Technologies Ltd (down 1.44%),Tata Consultancy Services Ltd (down 1.3%),Aptech Ltd (down 1.29%), were the top losers. Among the other losers were Sonata Software Ltd (down 1.11%), eClerx Services Ltd (down 1.1%), Tanla Platforms Ltd (down 1.08%), Quick Heal Technologies Ltd (down 1.05%), and Hinduja Global Solutions Ltd (down 0.99%). On the other hand, Majesco Ltd (up 4.98%), TVS Electronics Ltd (up 4.91%), and NIIT Ltd (up 4.28%) moved up.
Information Technology stocks were trading in green, with the S&P BSE IT Sector index increasing 184.35 points or 0.76% at 24330.47 at 09:47 IST. Among the components of the S&P BSE IT Sector index, Brightcom Group Ltd (up 5%), Tanla Platforms Ltd (up 5%),3i Infotech Ltd (up 4.97%),Majesco Ltd (up 4.85%),D-Link India Ltd (up 3.59%), were the top gainers. Among the other gainers were Sasken Technologies Ltd (up 3.08%), Nucleus Software Exports Ltd (up 2.71%), Cerebra Integrated Technologies Ltd (up 1.97%), Tata Elxsi Ltd (up 1.97%), and AXISCADES Technologies Ltd (up 1.96%). On the other hand, TVS Electronics Ltd (down 1.41%), NIIT Ltd (down 1.35%), and 63 Moons Technologies Ltd (down 1.05%) turned lower.
SAT issues notice to SEBI on 63 moons appeal against STP Gate order, fixed final hearing for January 29
Posted On: 2020-12-21 05:37:37 (Time Zone: Arizona, USA)
The Securities and AppellateTribunalon Monday issued a notice to Securities and Exchange Board of India(SEBI) in the appeal filed by 63 Moons Technologies Limited against the former s order in the STP Gate matter. Expediting the issue, the Tribunal has kept the matter for final hearing and disposal on January 29, 2021.
It may be noted that SEBI, on December 3, 2020 has passed an order rejecting the approval for providing STP Gate Services to 63 moons on the basis of Fit& Proper order that was passed by FMC seven years ago. As the Order is yet to take effect, the SAT saw no need to consider staying the SEBI order at this stage.