Transposition means that if the shares are held in the name of A & B and customer has a demat account in the reverse order i.e. name of B & A – the shares can be dematerialised in the same account, and a new demat account in the name of B and A would not be required.
Whats happened to INTU shares?
June 26: Intu fell into administration after crunch talks with its lenders were unsuccessful. Its shares on the London Stock Exchange were suspended but Intu said its 17 shopping centres, which are held in separate operating companies, will continue to trade for the time being despite its insolvency.
How much is INTU worth?
The Trafford Centre was Intu’s most valuable asset at £1.66 billion in 2019.
|Market value (in Pound sterling)||£106.5m|
|Ownership||Intu 50%, LaSalle Investment Management 50%|
Is INTU properties still trading?
Intu Properties has confirmed that it has now gone into administration. … Intu owns shopping centres across the country, including the Metrocentre and Trafford Centre, and is in £4.5bn of debt. The chain says that all shopping centres will continue to trade as they are held in separate operating companies.
Will Intu survive?
Update; Intu have only managed to collect 30% of their rents this quarter day compared to 77% this time last year. Surely they cannot survive in their current form. Intu, one of the largest shopping centre owners in the country, has warned that it is likely to go bust unless it can raise more finance.
Who owns the Metro Centre?
Does Intu own the Metro Centre?
The centre was rebranded as intu Metrocentre in 2013, following the renaming of its parent Capital Shopping Centres Group as intu Properties. … Owners, the Metrocentre Partnership includes Church Commissioners and GIC Real Estate.
How much did Intu buy the Trafford Centre for?
His fortune soared, and in 2011 his firm, Peel Group, sold the Trafford Centre to Capital Shopping Centres – which has since become Intu Properties – for £1.6bn. At its peak, soon after the Trafford Centre deal was completed, Intu’s shares were worth over £4 each.
Is Intu going bust?
The firm, which saw shares suspended following sharp falls, is the most significant corporate casualty of the COVID-19 crisis. Britain’s biggest shopping centre owner Intu has fallen into administration but says its sites will remain open and continue to trade.
Why is Intu in trouble?
The firm had been struggling with £4.5 billion of debt before the coronavirus outbreak and risks having to close some of its shopping centres. Shopping centre giant Intu is on the verge of collapsing into administration, after it failed to secure a deal in financial talks with lenders.