ED issues provisional attachment order of Rs 1,065 crore to 63 Moons
The company stated that it will be taking appropriate legal steps in consultation with the legal counsel. Image Source: Reuters
Indian financial services company, 63 Moons erstwhile Financial Technologies (FinanTech), announced on Tuesday that the company has received a provisional attachment order of Rs 1,065 crore from the Enforcement Directorate.
“…a Provisional attachment Order dated September 30, 2016, from the Directorate of Enforcement, Mumbai, has been received by the Company on October 03, 2016, attaching certain securities amounting to face value of Rs 1065 crores in the Demat Account of the Company,” the company said in a statement.
The company stated that it will be taking appropriate legal steps in consultation with the legal counsel.
FinanTech, had announced the receipt of Mutual funds amounting to Rs. 306.70 crores, on September 22.
Shares of the company were trading up 1.18% to Rs 81.75 per share on BSE intraday.