(MENAFN Editorial) Exhilway Limited Initiates Exchange Listing Plans Exhilway Limited may list at a valuation of US $450 million before the completion of the first quarter of 2017.
CALIFORNIA BEVERLY HILLS UNITED STATES March 15 2016 /EINPresswire.com/ -- Exhilway Limited a Seychelles based separate entity formed after the investors took charge of the former Exhilway has moved ahead with its US exchange listing plans. The listing is expected to be completed on or before the completion of the first quarter of 2017. The requisite filings for the listing will be done in the third quarter of 2016.
Exhilway Limited will now foray into the peer to peer (P2P) lending private equity debt restructuring and the investment advisory business.
Exhilway Limited is in talks to partner or acquire global P2P lending company also a fresh private equity fund of US $50 million will be announced later this year to cater to the portfolio companies of Exhilway Global Opportunities Fund (EGOF) I subject to the fresh documentation and analysis.
EGOF I was suspended last year due to the negligence in the due diligence process which was later pointed by the proposed investors who ultimately called for the suspension of the fund and withdrawal of their commitments until a fresh third party due diligence and surveillance audit report is submitted to the investment committee.
Afresh Exhilway Limited owns the complete operating rights of Exhilway Private Capital Market (EPCM) which in itself will be a private stock exchange for the unlisted companies. The EPCM listed companies can raise debt or place equity with the accredited investors by submitting their business plans memorandums or other called for documents by the investors.
Post listing Exhilway Limited will also infuse capital for the P2P lending business which the board believes will turnout to be a highly profitable business.
Listing on EPCM will bring in revenue in the form of membership fee. EPCM may not own any equity in the companies which will list on its platform. The due diligence approved portfolio companies who was the part of EGOF I will receive 3 years free membership to the EPCM platform along with the free equity shares of Exhilway Limited.
Exhilway Limited has appointed a London based settlor to manage the settlements. Exhilway Limited will place shares worth US $5 million or INR 33.70 crore with the settlor. The shares will be issued at a 50% discount to the market price to further protect the portfolio companies of EGOF I. The distribution of physical shares will begin in the mid of April 2016. The portfolio companies can immediately add shares as an asset to their books or cash upon those at the time of listing.
Exhilway Limited is eyeing a valuation of US $450 million (previously valued at US $200 million where the business of EPCM was not taken into consideration). A pre-IPO placement will begin in the second quarter of 2016 to further cement the valuation numbers.