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Prime Securities Limited (Prime) to Acquire 42% Strategic Stake in Ark Neo Financial Services Ltd, a fintech company, which operates “DhanLAP”- a loan against securities platform

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MUMBAI, India, Dec. 18, 2024 /PRNewswire/ — Prime Securities Limited (NSE: PRIMESECU) (BSE: 500337) (SEBI registered Category-I Merchant Banker) (www.primesec.com), a premier investment banking and corporate advisory services provider, has acquired 41.68% stake in Ark Neo Financial Services Private Limited, the Chennai-based fintech platform known as “DhanLAP.” Further, Prime will infuse capital into the company by subscribing to optionally convertible debentures. On conversion, Prime’s holding will move above 50%. Prime’s total investment will be to the tune of INR 700 lakhs (70 million).

This acquisition is part of Prime Securities’ broader strategy to diversify and strengthen its portfolio. Recently, the company expanded into the wealth management sector through its wholly owned subsidiary, Prime Trigen Wealth Ltd. (PTWL).

DhanLAP is a digital platform for instantly availing loans against financial products including mutual funds, shares, and insurance, for retail investors. It was launched in October 2021 and was a pioneer in this segment. The platform has established partnerships with leading lending institutions and is poised to meet the increasing demand for finance in India.

Mr. C Chandrasekhar is the Founder and CEO of Ark Neo Financial Services Private Limited and has been a serial entrepreneur for the last 20+ years, building and managing companies in the USA and India. His companies have been in the online financial services spectrum offering products for retail customers.

Speaking about the platform, C R Chandrasekhar, Founder & CEO of Ark Neo Financial Services Private Limited, said, “Most retail investors are unaware that their investments in mutual funds and stocks can be used as collateral for securing loans. In times of financial need, many tend to redeem their mutual fund units, which disrupts their long-term financial goals and wealth-building plans. With DhanLAP, we have streamlined the entire process, making it quick and convenient by fully digitizing the journey to access finance. This solution not only addresses their immediate financial needs but also ensures that their wealth continues to grow without interruption. We are excited to have Prime Securities Ltd. as our major shareholder, which will enable significant synergies between Ark Neo and Prime Securities, helping us scale and innovate further.”

Mr Akshay Gupta, Director at Prime Securities, said, “DhanLAP, with its innovative approach to loans against securities, is perfectly aligned with Prime Securities’ strategic vision of expanding into scalable, technology-driven solutions in the financial services sector, driving long-term growth and value. These products are commonly offered by large private banking firms to their HNI clients. Given the significant increase in investor participation in financial markets in recent years, DhanLAP aims to make these offerings more accessible through an omnichannel presence.”

About Prime Securities Limited (NSE: PRIMESECU) (BSE: 500337):

Prime Securities Limited (“Prime”) is a SEBI registered Category-I Merchant Banker since almost 3 decades. Prime is among the top pure play Investment Banking (IB) outfits in India. Prime offers wide and diverse service offering that includes facilitating equity and debt capital, M&A advisory, QIPs, debt syndication, structured credit, restructurings & resolutions, rights issues, buybacks, open offers, delisting, etc. Prime is listed on BSE Limited and National Stock Exchange of India Limited since 1995.

For further details, please visit – https://primesec.com/

About Ark Neo Financial Services (DhanLAP) 

Ark Neo Finance is one of the fastest-growing fintech start-ups in the country that strives to intuitively address the pain points of investors looking to use their financial products as a collateral and avail finance. Offering end-to-end digital loan against retail financial products DhanLAP provides individual investors greater flexibility to raise funds on their financial products without losing ownership. Built by a team with niche domain expertise, DhanLAP combines experience with technology innovation to deliver faster, more intelligent, and better outcomes for its multiple stakeholders.

For further details, please visit – https://dhanlap.com/

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24/7 Software Expands Global Success with Strong Growth in Europe and the Middle East

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Expanding Adoption Across Europe and Beyond

BOCA RATON, Fla., Dec. 18, 2024 /PRNewswire/ — 24/7 Software, a global leader in operations management technology, continues to achieve remarkable growth as it strengthens its presence in Europe and expands into the Middle East. The company’s platform is being embraced by organizations across EMEA, demonstrating its value in delivering real-time, data-driven solutions that optimize operations, improve safety, and elevate the overall experience for users.

Health and Safety Teams Leading the Charge

Health and safety teams are increasingly turning to 24/7 Software to digitize and streamline their processes. Prestigious venues such as Co-op Live, The O2, and Chester Race Company utilize the platform to enhance safety, compliance, and operational efficiency. This adoption highlights the growing recognition of 24/7 Software’s ability to address critical organizational needs with ease and precision.

Unlocking the Power of Analytics

European customers are reaping the benefits of 24/7 Software’s powerful analytics tools, enabling better decision-making and operational insight. Chester Race Company is an example of an organization leveraging these advanced analytics to optimize performance and ensure a seamless experience for staff and patrons alike.

Revolutionizing Facilities Management in Premier League Football

Facilities management teams in the world of Premier League football are harnessing 24/7 Software to manage match-day operations, centralize communication, and enhance the fan experience, proving its value as an essential tool for some of the most demanding organizations.

A Growing Presence in the Middle East

In addition to its success in Europe, 24/7 Software is making significant inroads into the Middle East. The region’s organizations are adopting the platform to enhance operations and drive innovation, further solidifying 24/7 Software’s position as a global leader in operations management technology.

“24/7 Software is dedicated to empowering organizations around the world with cutting-edge solutions that improve efficiency and safety,” said Justin King, Executive Vice President at 24/7 Software. “Our expansion into Europe and the Middle East reflects the growing demand for reliable, versatile tools that transform the way businesses operate.”

About 24/7 Software

24/7 Software is a global leader in operations management software, serving the world’s top venues, sports leagues, and entertainment organizations. Its innovative technology helps these organizations improve safety, security, facilities management, and the guest experience, backed by unparalleled support.

Logo – https://mma.prnewswire.com/media/2338285/247_Software_Color_Transparent_BG_Logo.jpg

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Finsulate One of Business Worldwide Magazine’s Top 20 Most Innovative Companies to Watch in 2024

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Recognised for its groundbreaking work in the maritime industry, Finsulate has been named as one of the Top 20 Innovative Companies to Watch in 2024 by Business Worldwide Magazine.

LONDON, Dec. 18, 2024 /PRNewswire/ — The list recognises trailblazing organisations redefining industries through groundbreaking technologies and transformative business practices. These companies define the future through innovation and disruption, from healthcare to energy.

Finsulate’s toxin-free antifouling wrap is reshaping its sector by offering an eco-friendly, cost-effective alternative to traditional antifouling paints. Biofouling, the buildup of marine organisms like barnacles and algae on ship hulls, has long been a costly and environmentally damaging issue. It increases drag, driving up fuel consumption, carbon emissions, and maintenance costs. Traditional antifouling paints, reliant on biocides, address the problem but at the cost of leaching harmful toxins into marine ecosystems.

By mimicking the textured surface of a sea urchin, Finsulate’s antifouling wrap prevents marine organisms from attaching to vessels without relying on harmful chemicals, resulting in superior performance:

Eco-Friendly Design: 100% free of biocides and toxins, safeguarding marine habitats.Longevity: Lasts 8–10 years, vastly outliving traditional antifouling paints.Cost Efficiency: Reduces the need for frequent maintenance and significantly lowers fuel consumption.Convenient Maintenance: Minor fouling can be removed easily while the vessel remains in water, minimising downtime.

Since its debut, Finsulate has been applied to over 800 vessels worldwide, from leisure yachts to large commercial ships and offshore wind installations. Early adopters have reported transformative results, including a steel sailing yacht treated in 2013 that remains largely biofouling-free over a decade later.

Finsulate is driving success stories whilst championing a broader shift towards sustainability within the maritime industry. Key impacts include:

Reduced Carbon Emissions: Improved fuel efficiency supports global climate goals.Preserved Marine Ecosystems: Biocide-free solutions protect biodiversity and minimise microplastic pollution.A Circular Economy: At the end of its lifecycle, Finsulate’s wrap is recyclable, aligning with cradle-to-cradle principles.

Founder Rik Breur encapsulates the company’s mission: “Sustainability is more than a trend; it’s our responsibility. Together, we can create a better future for our oceans.”

For more information about Finsulate and its transformative technology, visit finsulate.com.

Further information about the 2024 Business Worldwide Magazine Awards, including the Top 20 Most Innovative Companies to Watch list, can be found at https://www.bwmonline.com/20-most-innovative-companies-to-watch-2024-winners/

About Business Worldwide Magazine

Business Worldwide Magazine is the leading source of business and dealmaker intelligence throughout the world. Our quarterly magazine and online news portal enable an established audience of corporate dealmakers to track the latest news, stories and developments affecting the international markets, corporate finance, business strategy and changes in legislation. This readership includes CEO/CFO – Banks, Corporate Lawyers and Venture Capital/Private Equity Companies to name a few.

Contact
David Jones
Awards Department
E: david@bwmonline.com 
W:  www.bwmonline.com 

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Hisense to Showcase Future of Smart Living with “AI Your Life” at CES 2025

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QINGDAO, China, Dec. 18, 2024 /PRNewswire/ — Hisense, a leading brand in global consumer electronics and home appliances, is set to redefine smarter living with the debut of its AI ambition powered by a showcase of its latest innovations at CES 2025.

Recognized as the world No.1 in the 100”+ TV market, Hisense has set the global trend in large-screen with ever richer experiences. While product specifications are important, Hisense is constantly pushing boundaries to elevate every experience, connecting with people where they spend their time, and creating products that enhance life’s most meaningful moments and inclusive for all.

For Hisense, AI isn’t just a vision of the feature, but the backbone of product innovations, designed to simplify life and make every moment memorable. By integrating AI technology with cutting-edge Hi-View AI Engine, Hisense is enabled to deliver a more authentic, highly detailed, and vibrant viewing experience for everyone, integrated seamlessly to improve daily experiences and delivering unmatched energy efficiency.

From January 7-10, Hisense will be showcasing the very latest technological breakthroughs at the Central Hall, Booth 16625 at the Las Vegas Convention Center, offering a glimpse into the future of unparalleled AI-driven lifestyle experiences.

A key theme of Hisense’s booth is the scenario-based application of AI technology, reinforcing its leadership in TV and expertise in delivering outstanding picture quality, whilst providing visitors a first-hand experience of the integration of AI in transforming modern lifestyles. Featuring 17 immersive experiences and 59 technical highlights, Hisense will unveil a veritable suite of premium products, including ULED MiniLED TVs, Laser TVs and other smart home appliances, along with advanced applications in automative, commercial displays, healthcare and energy systems.

To kick-off CES 2025, Hisense will host an exclusive press conference on January 6 from 9:00 AM to 9:45 AM PST in the Jasmine Room at Mandalay Bay, the day prior to the official CES opening.

Hisense at CES 2025
Event Dates: January 7-10, 2025
Location: Las Vegas Convention Center, Central Hall
Booth Details: Hisense at Booth 16625

About Hisense

Hisense is a leading global home appliance and consumer electronics brand. According to Omdia, Hisense ranked No. 2 globally for total TV shipments and No. 1 in 100″+ TVs. The company has expanded quickly to operate in more than 160 countries and specializes in multi-media goods, home appliances, and intelligent IT information.

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