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Philippines Maynilad Plans IPO in 2025, CEO Confirms
Abstract：Maynilad Water Services Inc. plans an IPO in 2025 and aims to raise 25-35 billion pesos for capital expenditures, confirms CEO Ramoncito Fernandez.
Maynilad Water Services Inc., a leading utility firm in the Philippines, has announced plans for an initial public offering (IPO) in 2025. This move is part of their 25-year concession agreement, which mandates listing on the stock exchange by January 2027.
CEO Ramoncito Fernandez shared that Maynilad aims to raise between 25 and 35 billion pesos ($430 million to $600 million) next year. This funding will be sourced through a combination of bank loans, bonds, and other financial instruments. The capital will support the company's extensive capital expenditure plans.
Maynilad serves as the water distributor for Manila's west zone, providing essential services to millions of residents. The upcoming IPO and fundraising efforts reflect Maynilad's commitment to improving and expanding its operations to meet the growing demand for reliable water services in the region.
($1 = 58.2550 Philippine pesos)
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The Indian Finance Minister Nirmala Sitharaman, while announcing the Union Budget 2026-27, proposed a sharp rise in the Securities Transaction Tax (STT) on Futures and Options as part of the government’s strategy to soothe the country’s overheated derivatives market. The move comes on the backdrop of regulators’ concerns over excessive speculation in F&O allowing retail traders to enter the market and lose capital. Whether the government will be able to curb excessive speculation in F&O through this move remains to be seen. The stock indices, however, were hit hard, with the BSE Sensex falling by 1500 points amid widespread selling on the STT hike. Let’s examine the potential impact of this hike on Indian F&O traders.
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