INSUBCONTINENT EXCLUSIVE:
MUMBAI: Everyone wants a piece of Chennai Super Kings (CSK), it seems
Unlisted equity shares of the Chennai-based Indian Premier League (IPL) cricket team are getting traded at prices ranging from ?25 to ?32
owner of Abhishek Securities, which specialises in delisted and unlisted shares
CSK, according to brokers
Shares of new-age businesses and startups such as Paytm (One97 Communications), Ola Cabs (ANI Technologies), Oyo Rooms, gaming company
Nazara Technologies, Fino Paytech, unlisted HDFC-affiliate HDB Financial Services, small finance banks Capital SFB and Suryoday Bank,
Swiggy, Hero FinCorp and Carwale.com, among others, are being traded in sizable lots everyday through brokers dealing in unlisted equities.
dealing in unlisted shares for close to two decades
No formal market exists for unlisted equities.
Used for working capital needsPromoters, especially of startups, use this route to raise
small amounts of working capital without higher levels of stock dilution, and also get a valuation reference point for further fundraising,
portfolio management services (PMS) and alternative investment funds (AIF) pick up unlisted shares
companies got a boost after the Flipkart-Walmart deal
Shah of 3A Capital.
Shares of most new-age companies are in dematerialised (demat) format, making ownership transfer seamless
