Deal of the day: Selling Unlisted Shares of Metropolitan Stock Exchange (MSEI)

MSEI logo showing new stock exchange
MSEI is India’s 3rd stock exchange after BSE and NSE

We are selling unlisted shares of Metropolitan Stock Exchange (MSEI) at attractive rates.  Best Rate. Shares transferred to your demat account instantly. Guaranteed trade and no hidden charges.

Limited quantity and time period offer on first cum first serve basis. For booking  https://buysellunlistedshares.com/buysellunlistedsharesonline/

Quantity Rate
1 lakh and above 1.70
50000 and above 1.80
25000 and above 1.85
10000 and above 1.90
5000 and above 2.00
1000 and above 2.10
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PE firms looking to buy stake in Kurlon

Kurlon logo
Kurlon stake sale talks before IPO

Global private equity buyout funds Carlyle, KKR, Blackstone, Bain, TA Associates and Warburg Pincus are looking to buy a controlling stake in India’s leading mattress maker Kurlon. Motilal Oswal PE (MOPE) invested Rs 90 crore or $13.5 million in Kurlon valuing it at around Rs 1,000 crore in September 2015.

 For buying or selling shares of Kurlon Enterprise or any other companies, please place your order here buysellunlistedshares.com/buysell/

After the successful listing of Kurlon’s peer company, Sheela Foams, the valuation in the segment has been rich and hence investors want to cash in on that. Sheela Foams that sells the Sleepwell brand of mattresses and was listed in 2016. Its shares have almost doubled since listing.

Started in 1962 by Manipal Group’s Ramesh Pai, Kurlon claims to be India’s largest selling mattresses company manufacturing 126 different configurations. It has more than 7,000 dealers and 72 offices across 2,800 towns in India. Currently, it manufactures from seven facilities including two each in Bangalore and Tumkur besides those in Bhubaneswar, Gwalior and Uttaranchal.

Kurlon Enterprise unlisted PRE IPO shares

Kurlon logo
Kurlon IPO coming soon after strong performance of Sheela Foam

Kurlon Enterprise is a India’s largest manufacturer and supplier of foam mattresses. Set up in 1962, Kurlon offers a wide range of home comfort solutions ranging from mattresses (RC mattress, spring mattress and foam mattress), polyurethane foam, and home furniture and furnishing products.

For buying or selling shares of Kurlon Enterprise or any other companies, please place your order here buysellunlistedshares.com/buysell/

Kurlon Enterprise is likely to come out with IPO soon. In December 2016, number 2 player from the industry Sheela Foam was listed on the bourses. Its shares have almost doubled after listing. In October 2015, Motilal Oswal Private Equity Investment Advisors (MOPE) has invested Rs 90 crore in Kurlon Enterprise.

Kurlon has a strong Pan-India sales and distribution network supported by 4 centralised warehouses, 72 area sales offices, 160 exclusive showrooms and more than 4000 dealers and retailers. The company also has nine manufacturing units across five states — Karnataka, Gujarat, Madhya Pradesh, Uttarakhand and Odisha.

Catholic Bank turns profitable; eyes IPO

CSB unlisted shares
CSB pre-IPO unlisted shares in demand

Kerala-based Catholic Syrian Bank (CSB) has reported a net profit of Rs 53 crore for the past six months ended September 2017 as against a loss of Rs 40.5 crore a year ago driven by treasury profit and increase in operational efficiency. The bank’s total income rose to Rs 835  crore, from Rs 814 crore a year ago.

There exists a pre-IPO investment opportunity in shares of Catholic Syrian Bank (CSB). For buying or selling shares of CSB or any other companies at best rates, please call on 08108234400 or click https://buysellunlistedshares.com/buysell/ 

NPAs dropped to Rs 462.7 crore, from Rs 503.6 crore a year ago. In percentage terms, NPAs dropped to 5.7 per cent from 5.76 per cent of total assets. Net NPAs dropped to Rs 330.6 crore, from Rs 405.5 crore a year ago. In percentage terms, bad loans were 4.14 per cent of total loans compared to 4.69 per cent a year ago.

The bank is one of India’s oldest private sector banks, with its headquarters in Thrissur district. For over nine decades, the bank has remained a neighbourhood lender. The company has a strong base in Kerala. It also has significant presence in Tamil Nadu, Karnataka, and Maharashtra. The bank is a full service bank offering Neighborhood Banking, NRI Services, SME and Wholesale banking services through it’s 430 branches and 240 ATMs across the country.

Some of the well known shareholders of Catholic Syrian Bank include LuLu Group MD Yusuffali M.A., Federal Bank, Bridge India Fund, and Edelweiss Finance and Investments. 

Key focus areas of the bank are small and medium enterprises, retail clients, and non-resident Indians (NRIs). It has a strong deposit book as most of its NRI customers and expatriates in the Gulf send money home through bank’s network.

Source:

MSEI v/s NSE in Rs 856-crore predatory pricing case hearing on 10 October

MSEI logo showing new stock exchange
Shares of MSEI are in high demand as it is  India’s 3rd stock exchange after BSE and NSE.

The Rs 856-crore claim by Metropolitan Stock Exchange of India (MSEI) against National Stock Exchange (NSE) is scheduled for hearing by the National Company Law Appellate Tribunal (NCLAT) on 10 October 2017. MSEI had dragged NSE to the Competition Commission of India (CCI) citing monopolistic practices. The competition watchdog held NSE guilty and asked it to compensate MSEI.

For buying or selling pre IPO shares of MSEI or any other companies, please click on https://buysellunlistedshares.com/buysell/

Metropolitan Stock Exchange of India (MSEI), India’s new stock exchange, is recognised by Securities & Exchange Board of India. It is India’s third functional and recognised stock exchange after BSE and NSE. There is huge demand for shares of MSEI due to strong listing of BSE and upcoming IPO of NSE.  A clutch of financial institutions now own more than 34% of MSEI, as do investors including Rakesh Jhunjhunwala, Radhakishan Damani and Nemish Shah.

In 2008, both MSEI and NSE launched currency future contracts almost simultaneously. NSE priced the transaction charges on these contracts at zero and given NSE’s dominant position, MSEI was left with no choice but to adopt zero pricing as well.

This made a significant and material dent in the financial position of MSEI, which filed a complaint with CCI alleging predatory pricing (waiver of transaction fees, data-feed fees and admission fees) wherein CCI found NSE guilty and imposed a fine of Rs 55.5 crore. NSE filed an appeal with the Competition Appellate Tribunal (COMPAT), which too found NSE guilty. NSE then moved the Supreme Court and its appeal is still pending.

According to the process, the exchange has filed an application for award of compensation against NSE for Rs 856 crore before COMPAT, pending the appeal. Now, as COMPAT ceased to exist (from May 26), all pending matters before COMPAT stand transferred to the NCLAT.

Udai Kumar, MD & CEO of MSEI,said, “MSEI started out as a fast-growing exchange with immense potential, when it was deeply impacted by the financial burden imposed by NSE’s predatory pricing. Speedy disposal of this matter is the need of the hour. “It will encourage transparency and compliance with existing competition laws and practices across the spectrum and also dis-incentivise anti-competitive practises and misuse of dominant position.”

Source:
http://www.thehindubusinessline.com/markets/stock-markets/nclat-to-hear-856cr-predatory-pricing-case-against-nse-on-oct-10/article9874459.ece