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Cannabis company Medical Kiwi declined NZX listing
9 Apr, 2021 01:00 AM
6 minutes to read
Medical Kiwi has been denied a listing on the NZX. Photo / 123RF
Cannabis company Medical Kiwi - the subject of ongoing inquiries by the financial markets regulator - has been denied a listing on the NZX. NZ RegCo chief executive, Joost van Amelsfort, responsible for NZX regulation, confirmed the stock exchange has declined Medical Kiwi s application and determined the company is not suitable for a direct listing at this time.
A Financial Markets Authority (FMA) spokesman said its investigations into the company are ongoing.
Medical Kiwi s chairman and executive director, Aldo Miccio, rejected the characterisation that his firm s application has been declined.
Brookfield-backed Summit Digitel to raise Rs 11,836 cr, RIL may invest
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Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities.
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The issue will likely open for subscription on Friday through electronic bidding platforms on the BSE and the National Stock Exchange.
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MUMBAI: Brookfield-backed Summit Digitel Infrastructure, which houses telecom towers used by Reliance Jio, is raising Rs 11,836 crore via local bonds.
Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.
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