Riding its success on the domestic bourses, Global Broadcast News Ltd (GBN) has decided to list either on the London Stock Exchange or on the Euronext in the next four months, making it the first Indian media company to be listed outside the country.
GBN to raise $200 m from foreign listing
P&Os owner has hired Deutsche Bank and Shuaa Capital, a Dubai-based investment house, to consider a partial float or refinancing, just over a year after buying the British ferries and ports group.
It is understood that DP World, the worlds third-largest ports group, is keen to reach a decision by the autumn.
DP World tests water for partial flotation in London or Dubai
AUTONOMY'S announcement last week that it is to de-merge and float Blinkx, its consumer search engine, received a rather muted response from the City, with the Autonomy share price only slightly up; however, could this be a re-run of the fabulous Autonomy story of almost a decade ago?
Blinkx could be big if history repeats
The billionaire owners of a Kazakh mining company preparing to list on the LSE have been advised they might have to leave the board because of outstanding money-laundering allegations against them. The unusual advice given to Eurasian Natural Resources Corporation is in a confidential draft of a document prepared for the company by PwC ahead of its IPO this year. ENRCs flotation preparations come amid intensifying debate among investors about the impact some overseas listings, mainly from the former Soviet Union, are having on the standards and reputation of the London market.
Kazakh miner warned on London listing
LONDON (Thomson Financial) - Hargreaves Landsdown PLC, the UK private client investment manager, said the price range of its forthcoming flotation on the London Stock Exchange will be 140-160 pence, giving it a market value of 711 mln stg at the midpoint of the range.
In a statement, the company said 118.6 mln shares will be offered to the market, representing about 25 pct of the group's existing share capital, and generating gross proceeds of 178 mln stg at the mid-range price of 150 pence per share.
Hargreaves Lansdown sets IPO price range at 140-160 pence UPDATE
The TV18 Group is floating a new film entity in the UK. The company - christened The Indian Film Company - will raise $110 million from Londons Alternative Investment Market. TV18s holding company Network18 Fincap Ltd will pick up about 9 per cent in this entity by investing $10 million.
TV18 Group To Float A New Film Company; Plans $110-Million AIM Listing