Manipal group head Ranjan Pai will soon become the largest shareholder in Aakash—one of the few remaining valuable assets of troubled edtech Byjus. This and more in todays ETtech Morning Dispatch.
Earlier in February last year, SoftBank held a 13.24% stake in fintech major Paytm and has continued to dilute its stake through the course of last year. After the latest sale, SoftBank now holds a 5.06% stake in One 97 Communications, the parent entity that operates the Paytm brand.
SVF Holdings (Cayman) Ltd, a SoftBank entity, sold 12.7 million equity shares of Paytm between December 19, 2023 and January 24, according to a stock exchange filing by SoftBank.
Japan firm plans Taiwan listing
Staff writer, with CNA
IKKA Holdings (Cayman) Ltd (第一化成控股), a maker of precision plastic injection molded components, is expected to become the first Japanese company to launch a primary listing in Taiwan, with its Taiwan Stock Exchange (TWSE) listing scheduled for May 31, the exchange said.
IKKA Holdings registered in the British Cayman Islands in March 2016. Its major operations are in Japan, as it is an electric vehicle parts supplier to large Japanese automakers.
For the listing, IKKA Holdings is planning to issue 5 million new shares and has tentatively set an issuance price of NT$76, with 15 percent of the shares to be reserved for its employees.
Japanese firm to be first to launch primary listing in Taiwan
05/10/2021 09:11 PM
CNA file photo
Taipei, May 10 (CNA) IKKA Holdings (Cayman) Ltd., a precision plastic injection molded component maker, is expected to become the first Japanese company to launch a primary listing in Taiwan, with its listing on the Taiwan Stock Exchange (TWSE) scheduled for May 31, according to the exchange.
IKKA Holdings, registered in the British Cayman Islands in March 2016, has its major operations in Japan as an electric vehicle part supplier to large Japanese automakers.
For the listing, IKKA Holdings is planning to issue 5 million new shares and has tentatively set an issuance price of NT$76 (US$2.73), with 15 percent of the shares to be reserved for its employees.