Tag Archive for exchanges

Chalet Hotels Ltd. debuts on stock exchanges as a premium category, premium brand, say analysts

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

The first mainboard IPO of CY2019 – Chalet Hotels Ltd., which is part of the K Raheja Corp. Group, made a positive debut with its listing on the national stock exchanges. The Chalet Hotels Ltd. IPO sized Rs. 1,641 crore was the largest IPO of 2019 and opened in choppy markets. The Offer was oversubscribed 1.58 times in volatile challenging market conditions on strong QIB/ institutional support (Rs. 1,552 crore as against the reserved portion of Rs. 328 crore). The Company attracted marquee anchor investors and allotted 1,75,84,071 equity shares to 27 anchor investors at Rs. 280 per equity share (upper end of the Price Band) aggregating to Rs. 492.35 crore. Anchor investors include: Goldman Sachs, Fidelity, Blackrock, Macquarie, Reliance Capital, HDFC, SBI, ICICI Prudential and UTI amongst others.

At closing market price, the Company will rank amongst the Top 300 on overall market cap basis. On the debut day, the stock closed at a price of Rs 290.40 (+3.71%) on BSE and Rs 291.70 (+4.18%) on NSE. The stock price reached a high of Rs. 300 per equity share, during the intraday trade today (7 February).

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Indian Factoring Exchanges and MonetaGo Launch Blockchain Network to Prevent Fraud

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Jesse Chenard, Monetago

After years of announcements regarding blockchain Proofs of Concept and Pilots, a first successful enterprise grade deployment that includes multiple financial services organizations has taken place. The production system provides a common platform not controlled by any one financial institution to securely and confidentially share information which reduces fraud around receivables financing. The platform is built on Hyperledger Fabric and does not rely on cryptocurrencies to operate. Read more

Infosys Announces its Intent to Voluntarily Delist from Euronext Paris and Euronext London Exchanges

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By Vivek K Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Infosys (NYSE: INFY; BSE, NSE: INFY) today announced its intention to voluntarily delist its American Depositary Shares (“ADS”) (ISIN US4567881085) from the Euronext Paris and Euronext London exchanges. The primary reason for seeking the proposed delisting is the low average daily trading volume of Infosys ADS on these exchanges, which is not commensurate with the related administrative requirements. During the 5-year period of the company’s listing on Euronext Paris and Euronext London, the average daily trading volume of the company’s ADS was significantly lower than its average daily trading volume on the New York Stock Exchange (NYSE). The proposed delisting is subject to approval from Euronext Paris S.A. and Euronext London Limited. There will be no change to the Infosys share/ADS count, capital structure and float, as a result of the proposed delisting from the above exchanges. Infosys ADS will continue to be listed on the NYSE under the symbol “INFY” and investors can continue to trade their ADS on the NYSE as before. Read more