The deal amounts to $33.12 per share and once closed, NYSE shareholders would own approximately 36 per cent of ICE shares.
IT firm Satyam Computer on Tuesday said the delisting of the company's American Depository Shares from NYSE Euronext has been approved.
Laxmi Mittal-promoted Arcellor Mittal is raising $3-billion, of which $2.5-billion would be through equity and $0.5-billion through convertible bonds offering, which it is doing on two of its platforms, he said.
Infosys chief executive officer and managing director S D Shibulal will be in London to mark the first cross listing of an Indian company, a company statement said.
Upon delisting from Euronext Amsterdam, the company's equity shares are expected to remain listed and continue to be traded on the Bombay Stock Exchange and the National Stock Exchange of India and its ADS are expected to continue being traded on the New York Stock Exchange in New York. The company does not intend to delist from the BSE, the NSE or the NYSE.
Infosys has also applied for admission to listing and trading on NYSE Euronext London.
The 5 per cent equity investment is the maximum equity interest permitted to foreign investors in derivative exchanges
The buyer received poor investor response to the pricing of the share sale.
The discussions, if successful, would see the German major owning a majority stake of nearly 60 per cent in the combined entity, while the rest would be with NYSE Euronext.
New York Stock Exchange (NYSE) and Nasdaq remained closed for the second consecutive day, the first time since 9/11, as superstorm Sandy swept across New York City, leaving the Wall Street powerless.
The trading remains halted as of now in securities of Satyam in New York and Amsterdam exchanges, an NYSE Euronext spokesperson said in an e-mailed statement. On January 7, the New York Stock Exchange halted trading in Satyam Computer Services Ltd after Satyam stock plunged by over 90 per cent to $0.85 in pre-market trade in the US.
The proposals, approved by Finance Minister P Chidambaram on the recommendations of Foreign Investment Promotion Board, also included the application of Images Multimedia, which would bring in Rs 33.37 crore (Rs 333.7 million) in the country, according to an official release. NYSE Euronext would infuse Rs 281 crore (Rs 2.81 billion) in India for acquiring 5 per cent equity in Multi-Commodity Exchange. This amount includes premium as well.
Trillions of transactions take place in these bourses making investors poorer or richer...
The two largest stock exchanges of the world cut salaries of their CEOs.
The collective responses from 240 CEOs of NYSE-listed companies suggest that an organization's ability to conduct business globally will be vital for its success in 2008 and beyond.
Top officials of stock exchanges NYSE, Euronext, SIX Swiss Exchange were in Mumbai today to encourage companies to list with them.
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Meanwhile, NSE was also ranked first in number of equity trades for the first half of 2013 with a total of 71.18 crore (711.8 million) trades.
Saffron Asset Advisors, which manages the real estate investments of NYSE Euronext-listed Yatra Capital, is now planning to launch a bouquet of funds focusing on India. The company is aiming at a total corpus of Rs 4,000 crore (Rs 40 billion) in the next couple of years.Starting from real estate, the company will launch sector-specific funds such as healthcare, logistics, infrastructure, hospitality.
W L Ross & Co has acquired 1.8 million American Depository Receipts (ADRs) of Satyam (Mahindra Satyam) from NYSE Euronext for $4.6 million (over Rs 20 crore) at an average price of $2.5 per share, the parent firm of W L Ross, Invesco, said in a Securities and Exchange Commissions (SEC) filing.
Vikram Pandit has taken the helm at the troubled financial-services giant. He talks about the road back.
Infosys Technologies' scrip closed higher on domestic bourses today while Capgemini shares were trading nearly one per cent up on NYSE-Euronext
Among the biggest winners of a successful IPO would be co-founder Evan Williams with a 12 per cent stake.
World's largest exchange, the New York Stock Exchange is wooing India's showpiece IT firm Infosys Technologies to list its shares on its trading platform.
In pursuit of their global ambitions, domestic companies are looking to list their shares on exchanges in new geographies - not just New York or Nasdaq exchanges.
Mittal Steel Company NV announced on Thursday an interim dividend of $0.125 per share for its European and New York Stock Exchange shareholders.
FMC approves commodity bourse's contract-launch calendar for two years.
It will be the first to go, in what has become an overcrowded segment since India first allowed futures trading in commodities in 2003.
If it goes ahead, the combination would create the world's biggest exchange by revenue.
The shutdown was the longest in recent memory, and prompted US Securities and Exchange Commission Chair Mary Jo White to call for a meeting of Wall Street leaders to help insure the 'continuous and orderly' functioning of securities markets.
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