Advertisement
Singapore markets close in 2 hours 9 minutes

  • Straits Times Index

    3,291.57
    +25.62 (+0.78%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,941.13
    +403.32 (+2.18%)
     

  • FTSE 100

    8,381.35
    +27.30 (+0.33%)
     

  • Bitcoin USD

    63,013.86
    +1,481.29 (+2.41%)
     

  • CMC Crypto 200

    1,351.11
    -6.90 (-0.51%)
     

  • S&P 500

    5,214.08
    +26.41 (+0.51%)
     

  • Dow

    39,387.76
    +331.36 (+0.85%)
     

  • Nasdaq

    16,346.26
    +43.46 (+0.27%)
     

  • Gold

    2,369.40
    +29.10 (+1.24%)
     

  • Crude Oil

    79.92
    +0.66 (+0.83%)
     

  • 10-Yr Bond

    4.4490
    -0.0430 (-0.96%)
     

  • FTSE Bursa Malaysia

    1,600.37
    -0.85 (-0.05%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,534.75
    -7.71 (-0.12%)
     

Burger King India delays IPO after market turmoil - Bloomberg News

Reuters
·1-min read
Burger King logo is seen in a restaurant in Warsaw

(Reuters) - Burger King India Ltd has put its planned initial public offering on hold after India's equities markets tumbled on fears of a slowdown in global economy and the spread of coronavirus, Bloomberg news reported, citing people familiar with the matter.

The restaurant chain decided to postpone launching the share sales after talks with advisers, the report https://www.bloomberg.com/news/articles/2020-03-16/burger-king-india-said-to-put-ipo-on-hold-after-market-turmoil?utm_source=google&utm_medium=bd&cmpId=google said, adding the company could still proceed with the IPO, if market conditions improved.

Burger King India had planned to launch an IPO of around 10 billion Indian rupees ($134.61 million) later this month, according to IFR, Refinitiv's capital markets news service, which cited people with knowledge of the transaction.

The company did not immediately respond to Reuters' request for comment.

($1 = 74.2900 Indian rupees)

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli)