Jignesh Shah

63 Moons builds on gains after zooming over 20% in 2 days

Miri Strategic Emerging Markets Fund LP, the hedge fund owned by US-based Miri Capital Management LLC, has bought an additional 0.77 percent stake in the technology services firm

63 Moons Technologies share price hits record high, up 220% in six weeks

The stock, which touched a record high of Rs 338 intraday, has hit 5% upper circuit in 15 of the last17 sessions

Jignesh Shah’s 63 Moons wants to ride the crypto wave but won’t start an exchange

TickerPlant was a wholly-owned subsidiary of 63 moons. Recently, 63 moons diluted its stake in TickerPlant to approximately 77.5 percent stake. Jignesh Shah had earlier launched Multi Commodity Exchange of India (MCX) in 2003.

Jignesh Shah’s 63 Moons Technology, which invested Rs 300 crore in Yes Bank’s AT1 bonds, files court petition against writedown

The company, earlier known as Financial Technologies (India), filed a lawsuit against RBI and Yes Bank for ‘misuse’ of the investment by ‘promise of good returns’

NCLAT dismisses govt plea to supersede 63 moons technologies board

The Appellate court upheld the NCLT Chennai order refusing to fully change the boards’ composition and said the Centre can nominate three directors to the board of 63 Moons

Opinion | Why Sebi’s ‘not fit and proper’ order is a joke

Sebi has passed its order on companies which were defunct in any case.

P Chidambaram, KP Krishnan, Ramesh Abhishek abused official powers to kill my exchanges and help NSE: Jignesh Shah on NSEL scam

Earlier this week, 63 Moons had served legal notices to Chidambaram, KP Krishnan, the former additional secretary at the finance ministry in-charge of the capital markets, and former Forward Markets Commission (FMC) chairman Ramesh Abhishek, seeking damages worth Rs 10,000 crore in connection with the NSEL scam.

Return Jignesh Shah's passport: Bombay HC tells CBI

HC orders release of funds from accounts of Jignesh Shah firm

A bench of justices Shantanu Kemkar and M S Karnik said 63 Moons must ensure that the money is used only for these two purposes, and this should be verified by an independent auditor.

MCX Case: CBI registers case against Jignesh Shah, 4 former FMC chiefs and 6 others

It is alleged that the accused had helped Multi Commodity Exchange of India (MCX) in getting the status of nationwide commodity exchange, even though MCX was not fulfilling the stipulated criteria

Sebi order: Jignesh Shah says no violations; alleges conspiracy

On Wednesday, Sebi ordered impounding of "averted losses" worth over Rs 125 crore through alleged insider trading in MCX and its erstwhile promoter FTIL by 13 persons, including relatives of Shah and former top executives, with 'prior information' about the NSEL case.

NSEL scam: Sebi cracks down on former officials of MCX, FTIL

Sebi said the prima facie observations/findings contained in the two orders have been made on the basis of investigations conducted by it in the shares of MCX and FTIL.

NSEL urges Sebi to resolve Rs 5,600-cr payment crisis

Since then, multiple agencies including Sebi, the Directorate of Enforcement (ED) and the Reserve Bank of India (RBI) are probing the irregularities at the now-defunct NSEL.

BOOK EXCERPT: The Target - The decimation of Jignesh Shah's global empire

â€œA new government is coming, if he continues to remain a free man, he sure will open a Pandora‘s Box and seal our fate. We could be in trouble,â€ the official sounded worried. â€œSo what do we do?â€ he asked in the same breath. There was a deathly silence, probably the person on the other end was plotting. And then the person answered.

Why you should be investing in arbitrage funds now?

Market volatility doesn't entail more risk for the investor in the case of arbitrage funds. In fact, arbitrage opportunities exist only when the markets are relatively unstable.

EXCLUSIVE: SFIO serves notices to brokers in NSEL scam

The Serious fraud Investigation office (SFIO) has shot off notices to all broking firms whose clients traded in commodity pair contracts on the National Spot Exchange. The brokers have been asked to furnish their books of accounts, a source told Moneycontrol.

NSEL case: SFIO probing FTIL, 18 associate cos

Jignesh Shah-led Financial Technologies (India) Ltd has changed its name to 63 Moons Technologies.

Govt orders SFIO probe against FTIL, 18 associate companies

Besides, the Serious Fraud Investigation Office (SFIO) would look into the role of 20 defaulting entities as well as their nexus with brokers who were responsible for the payment crisis at the now-defunct National Spot Exchange Ltd (NSEL).

Court grants bail to Jignesh Shah in MCX-SX case

A special CBI court today granted bail to Financial Technologies (India) Ltd promoter Jignesh Shah in connection with a case against him for allegedly suppressing facts to get an extension for stock exchange MCX-SX from market regulator SEBI.

ED removes provisional freeze on FTIL's HDFC Bank account

Crisis-hit Financial Technologies India (FTIL) today said the Enforcement Directorate has directed HDFC Bank to secure Rs 30.27 crore and then allow normal debit-credit operations in the current account.

Never received any money from NSEL's profit, says FTIL

Embattled Financial Technologies has told shareholders that it never got any money from NSEL's profit and also cautioned them against vested interests spreading rumours about the government order on merging the bourse with the company.

ED attaches FTIL's mutual funds worth Rs 307 cr

In a filing to the BSE, FTIL said: "The company has received a provisional attachment Order from the Directorate of Enforcement, Mumbai, attaching mutual funds amounting to Rs 306.70 crores." The company is taking appropriate steps in consultation with its legal counsel, it added.