Noble appointed Broker to India Hospitality Corp.
22/06/2009
Noble, the research-led Anglo-Indian independent investment bank, dedicated to small and mid cap companies is delighted to announce the appointment as Broker to India Hospitality Corp. (LSE:IHC)
AIM listed IHC, a diversified pan-Indian hospitality and leisure company, is the fifth broker appointment win for Noble this year and the first relating to an Indian company listed on AIM.
Noble launched its equity business in India in September 2008 when it started publishing research on the mid-tier of stocks in India one of the world’s fastest growing economies. Noble currently has a growing team of 11 analysts and sales people focused on Indian equities, and covering five sectors – Technology, Consumer, Banks/Financial Services, Power and Infrastructure, with its target universe being stocks with market cap less than c. $2.5bn.
And earlier this year, Noble formed a strategic alliance with UBS in India providing research on Indian mid and small cap companies to UBS’ global institutional client base investing into India.
John Llewellyn-Lloyd, CEO Investment Banking at Noble, said “We are delighted to have been appointed as broker to India Hospital Corp. which will bring our total number of broker appointments to 23 and demonstrates our success in building our Indian equities business combined with our deep knowledge of AIM. India Hospitality Corp operates in a dynamic and growing sector and we looking forward to working with the management as the business continues to experience further growth.”
ENDS
For more information contact:
Ben Thompson, Group Head of Marketing Noble +44 20 7763 2200
Sarah Gestetner, Citigate Dewe Rogerson +44 20 7638 9571
About Noble
Noble is a research-led independent Anglo-Indian investment bank dedicated to small and mid-cap companies. It provides a full range of services to companies, institutions and investment vehicles, with offices in London, Edinburgh and Mumbai.
Noble publishes high quality fundamental research on more than 180 companies in UK and India.
In investment banking, Noble acts as sponsor, takeover adviser and broker on AIM, sponsor and broker on the LSE main market and adviser on Plus.
Noble has five operating companies in the UK, covering Investment Banking, Investment Management and Growth Capital, all of which are authorised and regulated by the Financial Services Authority.
About India Hospitality Corp.
India Hospitality Corp. is a diversified pan-Indian hospitality and leisure company.
In July 2007, IHC closed on the acquisition of India-based Mars Restaurants Private Limited, an emerging hotel and restaurant company, and SkyGourmet Catering Private Limited, an airline catering company with 2,800 employees across its facilities in India, from Navis Capital Partners and its affiliates.