63 Moons Technologies Divests Key Business Units for Rs 135 Crore

63 Moons Technologies has announced the sale of three business units to Synapsewave Innovations for a total of Rs 135 crore. The divestment includes the Open Dealer Integrated Network (ODIN), Order Management System (OMS), and additional solutions on a slump sale basis, debt-free and cash-free.

IT company 63 Moons Technologies has initiated the sale of three business units to Synapsewave Innovations for Rs 135 crore, according to a regulatory filing. The company has initiated the sale of Open Dealer Integrated Network (ODIN) and Order Management System (OMS) to Synapsewave Innovations on a slump sale basis, debt-free and cash-free, 63 Moons Technologies said in the filing on August 13.

63 Moons Technologies has also initiated the sale of Straight Through Processing Messaging Solution, which enables brokers and fund houses for post-trade straight-through settlement of obligations, and Members Accounting and Trade Confirmation House (MATCH), which provides back-office solutions and other services and components to Synapsewave Innovations for Rs 1 crore and Rs 36 crore, respectively.

(With inputs from agencies.)