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Tag: New York Stock Exchange

  • Eros international to raise over $96 million from sales on NYSE

    Eros international to raise over $96 million from sales on NYSE

    NEW DELHI: Eros International, arguably the largest overseas distributor of Indian films, will raise more than $96 million from the sale of shares on the New York Stock Exchange (NYSE).

     

    The company transferred its listing from London’s second tier Alternative Investment Market to the main board of the NYSE, recently, and the shares are a component of the Russell 3000 index.

     

    The share issue is characterised as a ‘follow-on equity offering,’ according to a report in ‘Variety’.

     

    The company, this week, announced that it would sell 6.675 million A ordinary shares, while existing shareholders would sell 325,000, for a minimum total of seven million shares. The company set the price at $14.5 per share earlier this week for a total offering of $101.5 million, and new capital for the company of $96.5.

     

    In the event that the issue is heavily subscribed, both Eros and the existing shareholders may sell a combined total of 1.05 million additional A ordinary shares.

     

    Shares fell from $14.9 to $14.12 on the pricing news on 10 July, the report said.

  • CNBC TV 18 partners with the New York Stock Exchange

    MUMBAI: Business news channel CNBC-TV 18 has tied up with the New York Stock Exchange to provide Indian investors a daily perspective on global markets.

    As part of this alliance, a correspondent of CNBC-TV18 will present a daily market link at 4.15 pm, when the market closes. In addition to this individual and corporate investors in India can gain access to the daily updates from NYSE and exclusive interviews with CEOs and other corporate entities listed on NYSE. The Indian investor can track the performance and listings of Indian stocks on NYSE and receive unique insights on the plans and positioning of global companies for India.

    Commenting on this new development CNBC-TV18 managing editor Senthil Chengalvarayan said, “CNBC-TV18 endeavors to give investors in India a view from the heart of global business. With the reduction of barriers in trade, increased global mindsets and concurrent investment opportunities and Indian companies acquiring and raising funds from abroad, there cannot be a more opportune time for such a remarkable alliance between teo leaders. We believe that adding value to viewers depends on our leverage, access and leadership globally and this is another step in that direction”

    The New York Stock Exchange, nicknamed the Big Board, is the largest stock exchange in the world by dollar volume and the second largest by number of companies listed. The New York Stock Exchange has a global capitalization of approximately $23.0 trillion.