International Steels Limited was incorporated on 3 September 2007 as a public unlisted company
limited by the International Industries Limited.
BCA said: "The offer from TDR gives shareholders the opportunity to receive cash at a significant premium to the prevailing share price and will allow BCA to develop its business as a private, unlisted company
"An individual who is a director in an unlisted company
, who would have earlier been able to fill the form, is out of the purview of this form.
The company holds a 40.45 per cent interest in DNO, also listed in Oslo, an exploration and production company focused on the Middle East, including the Kurdistan region of Iraq and offshore of Oman's Musandam peninsula, and the North Sea, and a 33.33 per cent interest in Foxtrot International, an unlisted company
operating an offshore gas field in the Ivory Coast.
Listing strengthens governance of an unlisted company
; it is a higher standard, not a silver bullet.
As per the prevalent regulatory requirements, the PE and VC funds should be established in closed-end structure for investment in securities of unlisted company
or a company listed on SME board or an unlisted company
engaged in business of investing in developing a new product or process or desiring expansion of its business.
To bring balance between burden of compliance on legitimate transactions and the need to capture information relating to high value transaction, Adhia said that money limits have now been raised to ` 10 lakh from ` 5 lakh for sale or purchase of immovable property, to ` 50,000 from ` 25,000 in the case of hotel or restaurant bills paid at any one time, and to ` 1 lakh from ` 50,000 for purchase or sale of shares of an unlisted company
Kenya-based Pan-Africa Insurance has said that it is in talks to purchase a stake in Gateway Insurance, an unlisted company
Engro Fertilizers, an unlisted company
, announced 9M2013 profits of Rs 3.23 billion (EPS Rs 2.77) as compared to loss of Rs 2.98 billion (LPS Rs 2.62) in the same period last year.
For shareholders of an unlisted company
, the biggest implication is a higher tax when shares change hands.
The Sukuk transaction was also the first time a previously unlisted company
has listed Sukuk (rather than equity) on Tadawul and the first time that the issuer was a special purpose vehicle.