Nicosia, Cyprus. Ellinas Finance Public Company Ltd said it has formally initiated the process for a secondary listing of its shares on NSE International Exchange in India. The company said its primary listing on the Cyprus Stock Exchange will remain unchanged.
Filing and exchange details
In a filing submitted to the Cyprus Stock Exchange in Nicosia, the company informed shareholders and the investing public that it has begun the necessary procedures for the proposed admission.
NSE International Exchange is located at GIFT City, India and operates as an international multi-asset exchange. It is a wholly owned subsidiary of the National Stock Exchange of India, according to the announcement.
Documentation and procedural steps
The company said it is completing and submitting the required documentation while fulfilling the relevant procedural requirements in connection with the admission of its shares to listing on NSE IX at GIFT City.
Purpose and listing structure
The company said the proposed move is aimed at enhancing its international profile, broadening investor awareness and strengthening its presence in global capital markets.
The contemplated admission will constitute a non-trading listing, meaning that although the shares will be admitted to listing on NSE IX, no trading activity is envisaged in that market at this stage.
Next steps
Ellinas Finance said it will provide further updates upon completion of the relevant formalities.
What do you expect a non-trading secondary listing to change for Ellinas Finance’s visibility with international investors?