Skip to content
Search

Latest Stories

Submit Guest Post

BR Shetty’s Finablr confirms its stock market debut in London

Easterneye.Biz Staff
By Easterneye.Biz StaffApr 16, 2019
Easterneye.Biz Staff
See Full Bio

INDIAN business tycoon BR Shetty 's Finablr today (16) confirmed its plans to float its shares on London Stock Exchange (LSE).  

The United Arab Emirates (UAE)-based company revealed last week that it was considering a stock market debut in the British capital.  

The payments and foreign exchange company added that the final offer price would be fixed after a book binding process, with the listing expected next month.  

Shetty’s payments firm previously said it aimed to raise more than £153 million from a stock market float in London. 

The firm also plans to sell at least 25 per cent of its equity. 

The company intends to raise a total of about $500m (£382.22m) from the offering, Reuters quoted sources as saying. 

Shetty founded Finablr in 2018 to combine his currency and money transfer businesses such as UAE Exchange Centre, Xpress Money, and Travelex under one brand.  

Shetty, who owns 91 per cent stake in Finablr and serves as co-chairman of the business. 

indialondon stock exchangebr shettylondon
Add EasternEye As Your Trusted Source
preferred source on google news

Related News

Sanjay Bhandari's extradition appeal opens in London
Business

Sanjay Bhandari's extradition appeal opens in London

Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)
Business

Murdoch's bid to secure eldest son's control of media empire fails

Kamlesh Pattni faces UK sanctions for illicit gold trade
Business

Kamlesh Pattni faces UK sanctions for illicit gold trade

Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi on December 4, 2024. (Photo: Getty Images)
Business

India appoints Sanjay Malhotra as new central bank governor

EasternEye

More For You

Cryptocurrency

The UK's new crypto framework places digital asset firms under stricter regulatory oversight.

iStock

UK becomes one of the first major markets with a full crypto rulebook

  • Crypto exchanges, custodians, stablecoin issuers and staking providers will need FCA authorisation to operate in the UK.
  • The UK becomes one of the first major jurisdictions, alongside the European Union, to introduce a comprehensive crypto regulatory framework.
  • Firms will face capital requirements, annual stress tests and tougher market abuse rules under the new regime.

The UK crypto regulation landscape is set for its biggest overhaul yet after the Financial Conduct Authority (FCA) published a comprehensive rulebook covering cryptocurrency trading, custody, stablecoins and staking. The framework places crypto businesses under regulatory standards that more closely resemble those applied to banks and other traditional financial institutions, marking a significant shift for the industry.

The new rules make the UK one of only a handful of jurisdictions with a comprehensive regulatory framework for digital assets. Alongside the European Union's Markets in Crypto-Assets (MiCA) regulation, the UK's approach is expected to become a key benchmark for international crypto companies operating across multiple markets.

Keep ReadingShow less