Stream­cast Group eyes Lon­don IPO

Mint ST - - PLAIN FACTS -

an­nounced a part­ner­ship with In­dian state-owned tele­com Bharat San­char Nigam Ltd to of­fer “triple play” ser­vices as well as a pro­gram to pro­vide ed­u­ca­tional con­tent.

Rep­re­sen­ta­tives for Stream­cast and the banks de­clined to com­ment. Stream­cast’s tech­nol­ogy al­lows telecom­mu­ni­ca­tions providers with older, low­band­width net­works to of­fer video stream­ing and web call­ing. The com­pany also pro­vides cloud­com­putin­gand­data-cen­tre ser­vices and li­censes and pro­duces con­tent, ac­cord­ing to its web­site.

The tech­nol­ogy firm is also in talks to back In­dia’s morethan cen­tury old Mo­hun Ba­gan soc­cer club, formed in 1889 in Kolkata.

Stream­cast has of­fices in the US, UK, Ire­land, Malta, Kenya, Dubai, Bahrain and In­dia, ac­cord­ing to the com­pany’s Linkedin page.

Mar­ket tur­bu­lence has driven up bor­row­ing costs at Manap­pu­ram Fi­nance Ltd and the com­pany ex­pects it to rise fur­ther by up to 60 bps in the re­main­ing part of this fis­cal, said V.P. Nan­daku­mar, the man­ag­ing di­rec­tor and chief ex­ec­u­tive of­fi­cer of the gold loan non­bank­ing fi­nan­cial com­pany (NBFC).

“Our bor­row­ing costs have gone up by 11 bps and is around 8.88% now. Be­cause of the cur­rent mar­ket tur­moil, we ex­pect it to go up by an­other 50-60 bps in FY19,” Nan­daku­mar said.

The NBFC has as­sets un­der man­age­ment (AUM) of Rs17,191 crore, of which around 75% is in gold loans

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