Latest news with #SIIC
Entrepreneur
7 days ago
- Business
- Entrepreneur
IIT Kanpur's SIIC and SBI Foundation Launch 'Startup Innovations for Social Good' Initiative
The program will support 30 startups—24 in the early stage and six in the growth stage—across three crucial sectors: agritech, healthcare, and cleantech. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The Indian Institute of Technology (IIT) Kanpur's Startup Incubation and Innovation Centre (SIIC), in collaboration with the SBI Foundation, has launched the 'Startup Innovations for Social Good' initiative under the SBIF Innovators for Bharat program. The initiative, supported by SBI DFHI Limited and SBI Ventures, aims to nurture impact-driven startups that address some of India's most pressing societal challenges. The program will support 30 startups—24 in the early stage and six in the growth stage—across three crucial sectors: agritech, healthcare, and cleantech. Over a span of 18 months, selected startups will receive structured incubation support, expert mentoring, and performance monitoring to ensure sustainable and scalable impact. Prof Manindra Agrawal, Director, IIT Kanpur, said, "SIIC/FIRST IIT Kanpur has always had a solution-oriented and future-ready approach to strengthen India's startup ecosystem. This program, supported by the SBI Foundation, is a uniquely-curated collaborative initiative that will help enhance the impact of the startups, empowering communities and ultimately contributing to economic growth and societal well-being." The initiative also promises startups opportunities for networking and follow-on investments through curated workshops and roadshows, promoting indigenous innovation to meet critical unmet needs. Prof Deepu Philip, Professor-in-charge of Innovation and Incubation, SIIC-FIRST, IIT Kanpur, added, "This collaboration focuses on developing transformative capabilities across AgriTech, Healthcare, and CleanTech to achieve a wider impact. FIRST IIT Kanpur has a proven record with over 400 incubated startups, and this joint initiative adds to our legacy of nurturing innovation." SBI Foundation, the CSR arm of State Bank of India, is driving the program under its broader Innovators for Bharat initiative. Sanjay Prakash, Managing Director, SBI Foundation, stated, "This initiative will be a cornerstone in identifying, funding, and nurturing startups that will lead the next wave of Agritech, Healthcare, and Cleantech innovations. Our partnership with SIIC, one of India's top incubators, reflects our commitment to social progress through innovation." The initiative was officially launched at IIT Kanpur in the presence of several dignitaries including Prof Amey Karkare, Sanjay Prakash, Kapil Kaul, and others who reaffirmed their commitment to fostering innovation for social good. This partnership sets a significant precedent in leveraging academic and corporate collaboration to fuel India's journey toward sustainable development and inclusive growth.
Time of India
19-05-2025
- Business
- Time of India
IIT-K's SIIC joins hands with US centre to drive global access for startups
Lucknow: Equipping companies from India with the tools, knowledge and networks necessary to successfully expand operations in the US market, the Startup Incubation and Innovation Centre (SIIC) at IIT-Kanpur has been named as a key partner in the establishment of NMexus , a first-of-its-kind global business accelerator and commercialisation centre based in Albuquerque, New Mexico. The initiative was officially unveiled by New Mexico governor Michelle Lujan Grisham at the SelectUSA Investment Summit in Maryland, just outside of Washington, DC, this week. Its primary goal is to attract foreign direct investment and assist international companies from India, the Middle East, Europe and Asia in establishing a strong presence in the US market. The announcement cements New Mexico's reputation as a global science and technology hub, attracting foreign direct investment (FDI). With companies from India joining the state's innovation landscape, India becomes the 15th foreign country to invest in New Mexico, further enhancing the state's global appeal. According to reports, the NMexus Centre in Albuquerque's Mesa del Sol innovation district has welcomed its first cohort of companies, featuring a diverse mix of businesses from India and Oman. The participating companies include Zonap Engineering India, Alligator Automations, DCirrus Inc, Supreme Technology, American Grain Corporation, Oliver Merino LLC, and Ardic, marking a significant step in the growth of the region's innovation ecosystem. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas in Dubai | Search Ads Get Info Undo The centre is expected to serve up to 40 companies annually, generating approximately 1,500 new jobs and an economic impact of over USD 400 million in the next five years. "The NMexus Centre signals to the world that New Mexico is open for business," Governor Grisham said. SIIC at IIT-K had signed an MoU with NMexus Centre in April 2025 to support Indian startups entering the US market. It will provide NMexus with access to a curated pipeline of high-quality, market-ready startups. In return, startups incubated at SIIC will benefit from NMexus' soft-landing infrastructure, mentoring, regulatory support, and business development services tailored for the North American market. Professor-in-charge, SIIC, IIT-K, Prof Deepu Philip said, "This partnership will allow our innovators to access international markets more seamlessly and help position Indian technology on the world stage." CEO, SIIC, Anurag Singh said, "Through NMexus, we are building a bridge between Indian innovation and the US opportunity. This collaboration opens new doors for our startups — offering the critical infrastructure and support needed to scale globally and sustainably." SIIC at IIT-K is one of India's oldest and most active incubators. With a focus on deep-tech innovation, SIIC provides a dynamic startup ecosystem through funding, mentorship, and strategic partnerships — both in India and globally.
Yahoo
17-03-2025
- Business
- Yahoo
Carmila Announces the Launch of a Tender Offer on Its Existing Notes Maturing in May 2027, March 2028 and October 2028
PARIS, March 17, 2025--(BUSINESS WIRE)--Regulatory News: Carmila (Paris:CARM) announces today the launch of a tender offer on the following series of existing notes: €300,000,000 at 1.625 per cent. Notes due 30 May 2027 (ISIN FR0014000T33); €350,000,000 at 2.125 per cent. Notes due 7 March 2028 (ISIN FR0013321536); and €500,000,000 at 5.500 per cent. Notes due 9 October 2028 (ISIN FR001400L1E0). The tender offer is subject to the terms and conditions set out in the Tender Offer Memorandum dated 17 March 2025. In particular, the offer is subject to a maximum acceptance amount to be determined by the Company at its sole and absolute discretion. The purpose of the Tender Offer is to manage the Company's debt maturity profile and liquidity in an efficient manner. The tender offer will run from 17 March 2025 to 4:00 p.m. (Paris time) on 24 March 2025. The results of the offer are intended to be announced on 25 March 2025. INVESTOR AGENDA 17 April 2025 (after market close): First-quarter 2025 financial information14 May 2025: Annual General Meeting23 July 2025 (after market close): First-half 2025 results24 July 2025: First-half 2025 results presentation23 October 2025 (after market close): Third-quarter 2025 financial information ABOUT CARMILA As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy. At 31 December 2024, its portfolio was valued at €6.7 billion, and is made up of 251 shopping centres with leading positions in their catchment areas. Carmila is listed on Euronext-Paris Compartment A under the symbol CARM. It benefits from the tax regime for French real estate investment trusts ("SIIC"). Carmila has been a member of the SBF 120 since 20 June 2022. IMPORTANT NOTICE Some of the statements contained in this document are not historical facts but rather statements of future expectations, estimates and other forward-looking statements based on management's beliefs. These statements reflect such views and assumptions prevailing as of the date of the statements and involve known and unknown risks and uncertainties that could cause future results, performance or events to differ materially from those expressed or implied in such statements. Please refer to the most recent Universal Registration Document filed in French by Carmila with the Autorité des marchés financiers for additional information in relation to such factors, risks and uncertainties. Carmila has no intention and is under no obligation to update or review the forward-looking statements referred to above. Consequently, Carmila accepts no liability for any consequences arising from the use of any of the above statements. This press release is available in the "Financing" section of Carmila's Finance webpage: View source version on Contacts INVESTOR AND ANALYST CONTACTPierre-Yves Thirion – CFOpierre_yves_thirion@ +33 6 47 21 60 49 PRESS CONTACTElodie Arcayna – Corporate Communications Directorelodie_arcayna@ +33 7 86 54 40 10
Biz Bahrain
20-02-2025
- Business
- Biz Bahrain
SICO Acts as Execution Agent for strategic Ma'aden – SIIC in USD 1 billion ALBA share transaction
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, announced today the successful completion of its role as execution agent and broker on behalf of both the Saudi Arabian Mining Company (Ma'aden) and SABIC Industrial Investment Company (SIIC) in a BHD 363,076,960 (equivalent to SAR 3,611,504,737) landmark transaction pertaining to 292,804,000 shares of Aluminum Bahrain B.S.C. (ALBA). Ma'aden acquired SIIC's entire 20.62% shareholding in ALBA, making it ALBA's second largest shareholder. Ma'aden is listed on the Saudi Exchange and is the largest mining company in Saudi Arabia. SIIC is a wholly owned subsidiary of SABIC, one of the world's largest petrochemical manufacturers, also listed on the Saudi Exchange. SICO facilitated the transaction through the Bahrain Bourse's Special Order Market, providing comprehensive transaction execution advisory and brokerage services. Throughout the process, SICO coordinated with the legal teams, regulatory bodies, including the Central Bank of Bahrain, Bahrain Bourse, and Bahrain Clear, ensuring the seamless execution of the deal. Najla Al Shirawi, Group CEO of SICO, said, 'We are delighted to announce the successful completion of this strategic transaction, a significant milestone that strengthens SICO's standing as a trusted financial partner in the region. This accomplishment not only demonstrates our dedication to providing exceptional financial services but also reflects the confidence our clients have in us. Their trust underscores our robust execution capabilities and our proven proficiency in managing complex, high-value transactions with precision and efficiency. In a rapidly evolving financial landscape, we remain steadfast in our commitment to excellence. This transaction reflects our strategic vision and relentless drive for innovation, enabling us to better serve our clients' diverse needs. Backed by a team of seasoned professionals, we navigate market complexities with precision, consistently delivering exceptional results and exceeding client expectations. Looking ahead, we are excited about the opportunities this transaction presents, not only for SICO but also for our clients and stakeholders. We are prepared to enhance our role as a leading financial partner in the region, fostering growth and creating value for all parties involved.' Wissam Haddad, Group Head of Investment Banking at SICO, added, 'This acquisition is a key step in Ma'aden's vision to significantly expand its aluminum business, and we are honored to have facilitated the transaction. At SICO, we pride ourselves on providing tailored advisory services and execution capabilities that align with the strategic objectives of our clients. Our extensive presence, including our strategic footprint through SICO Capital in Riyadh, along with our deep connections in the region, played a critical role in ensuring the success of this deal.' This acquisition marks a key milestone in Ma'aden's strategy to expand its aluminum business, supporting its broader ambition of achieving tenfold growth by 2040. ALBA, listed on the Bahrain Bourse with a market capitalization of approximately BHD 1.5 billion, is recognized as one of the region's most established and globally competitive aluminum producers.
Syyaha
19-02-2025
- Business
- Syyaha
SICO Acts as Execution Agent for strategic Ma'aden – SIIC in USD 1 billion ALBA share transaction
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, announced today the successful completion of its role as execution agent and broker on behalf of both the Saudi Arabian Mining Company (Ma'aden) and SABIC Industrial Investment Company (SIIC) in a BHD 363,076,960 (equivalent to SAR 3,611,504,737) landmark transaction pertaining to 292,804,000 shares of Aluminum Bahrain B.S.C. (ALBA). Ma'aden acquired SIIC's entire 20.62% shareholding in ALBA, making it ALBA's second largest shareholder. Ma'aden is listed on the Saudi Exchange and is the largest mining company in Saudi Arabia. SIIC is a wholly owned subsidiary of SABIC, one of the world's largest petrochemical manufacturers, also listed on the Saudi Exchange. SICO facilitated the transaction through the Bahrain Bourse's Special Order Market, providing comprehensive transaction execution advisory and brokerage services. Throughout the process, SICO coordinated with the legal teams, regulatory bodies, including the Central Bank of Bahrain, Bahrain Bourse, and Bahrain Clear, ensuring the seamless execution of the deal. Najla Al Shirawi, Group CEO of SICO, said, 'We are delighted to announce the successful completion of this strategic transaction, a significant milestone that strengthens SICO's standing as a trusted financial partner in the region. This accomplishment not only demonstrates our dedication to providing exceptional financial services but also reflects the confidence our clients have in us. Their trust underscores our robust execution capabilities and our proven proficiency in managing complex, high-value transactions with precision and efficiency. In a rapidly evolving financial landscape, we remain steadfast in our commitment to excellence. This transaction reflects our strategic vision and relentless drive for innovation, enabling us to better serve our clients' diverse needs. Backed by a team of seasoned professionals, we navigate market complexities with precision, consistently delivering exceptional results and exceeding client expectations. Looking ahead, we are excited about the opportunities this transaction presents, not only for SICO but also for our clients and stakeholders. We are prepared to enhance our role as a leading financial partner in the region, fostering growth and creating value for all parties involved.' Wissam Haddad, Group Head of Investment Banking at SICO, added, 'This acquisition is a key step in Ma'aden's vision to significantly expand its aluminum business, and we are honored to have facilitated the transaction. At SICO, we pride ourselves on providing tailored advisory services and execution capabilities that align with the strategic objectives of our clients. Our extensive presence, including our strategic footprint through SICO Capital in Riyadh, along with our deep connections in the region, played a critical role in ensuring the success of this deal.' This acquisition marks a key milestone in Ma'aden's strategy to expand its aluminum business, supporting its broader ambition of achieving tenfold growth by 2040. ALBA, listed on the Bahrain Bourse with a market capitalization of approximately BHD 1.5 billion, is recognized as one of the region's most established and globally competitive aluminum producers.
