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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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Innowireless Strengthens Partnership with Autotalks as Strategic Partner for SECTON3 and TEKTON3 Chipsets

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SEONGNAM, South Korea, Dec. 18, 2024 /PRNewswire/ — Innowireless, a global leader in wireless communication solutions, is proud to announce its status as the strategic partner for Autotalks’ state-of-the-art SECTON3 and TEKTON3 chipsets, effective this December. This collaboration highlights the shared vision of both companies to advance innovation and accelerate progress in the rapidly expanding Vehicle-to-Everything (V2X) market.

As an alpha vendor, Innowireless will provide advanced V2X modules powered by Autotalks’ 3rd-generation chipsets. These cutting-edge chipsets are specifically engineered to meet the growing demands of connected mobility, enabling advanced safety applications (Day 2+) and setting the stage for smarter, safer roads. The close development collaboration with Autotalks, will allow Innowireless to lead the development of next-generation V2X modules for the mass market.

This strategic partnership places Innowireless and Autotalks at the forefront of the V2X ecosystem, delivering transformative solutions that address the evolving needs of automotive, e-bike, and smart road infrastructure manufacturers globally.

“We are honored to be the strategic partner for Autotalks’ SECTON3 and TEKTON3 chipsets,” said Youngsu Kwak, CEO of Innowireless. “This partnership positions us at the forefront of V2X innovation, enabling us to deliver advanced solutions that meet the ever-changing demands of connected and autonomous vehicles.”

Ram Shallom, Autotalks’ VP of Business Development and Marketing APAC, commented, “Innowireless’ expertise in wireless communication and their unwavering commitment to excellence make them the perfect strategic partner. Together, we are poised to redefine the V2X landscape with transformative technology and solutions.”

About Innowireless

Innowireless is a leading provider of wireless communication solutions, offering advanced tools to optimize and validate wireless networks. With a steadfast commitment to innovation and quality, Innowireless empowers manufacturers, network operators, and infrastructure providers with reliable solutions that enhance connectivity and efficiency. The company is also expanding its business into the distribution of semiconductors for automotive applications and the development of V2X communication equipment and testing devices. Furthermore, Innowireless has received an FCC waiver for C-V2X deployment, cementing its role as a key player in the V2X ecosystem.

About Autotalks

Autotalks is a pioneering leader in the V2X chipset market, dedicated to improving road safety and mobility through its automotive-qualified chipsets. Designed to perform in diverse and challenging environments, Autotalks’ technology significantly enhances the coordination of vehicles, self-driving cars, and vulnerable road users.

For more information about Innowireless’ V2X solutions and this partnership, please visit www.innowireless.com or contact marketing@innowireless.com.

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SOURCE Innowireless

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Interos Accelerates AI Innovation with New Product Launches and Strategic Company Momentum Ahead of 2025

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Leading AI-powered supply chain solutions, strengthening partnerships, and leadership on the global stage

ARLINGTON, Va., Dec. 18, 2024 /PRNewswire/ — Interos Inc., a global leader in AI-powered supply chain risk intelligence, continues to redefine market leadership with new product launches, strategic partnerships, and participation in global thought leadership forums at the World Economic Forum’s annual meeting.

AI-First Products Transforming Supply Chain Risk Management

As part of its commitment to revolutionizing risk management, Interos is introducing two new AI-powered solutions: Risk Trends and Benchmarking. Together, they represent the first industry-wide solution that delivers advanced insights tailored to each enterprise’s unique supply chain. Furthermore, both Trends and Benchmarking are critical platform attributes to build out predictive intelligence.

These products address critical unanswered questions that traditional risk assessments leave behind. Organizations can now compare supplier risk histories, uncover patterns and vulnerabilities, gain context to industry benchmarks and focus on the biggest risks. These product enhancements reflect Interos’ vision to remain at the forefront of supply chain innovation.

“This represents a major advancement in applying AI for unparalleled visibility and control,” said Ted Krantz, CEO at Interos. “By addressing the unique complexity of global supply chains with next generation AI, we will revolutionize supply chain risk management with the industry’s first predictive analytics platform.”

Risk Trends empowers organizations to visualize 12 months of historical risk data across key risk factors like Cyber, ESG, and Catastrophic risks. With interactive trendlines, daily data refreshes, and 90-day deltas, businesses can anticipate potential disruptions, identify patterns, and act with confidenceIndustry Benchmarking enables companies to evaluate their performance against industry standards, ensuring that resources aren’t misallocated, saving time, resources, and allows organizations to focus on the biggest risks firstAI-Driven Insights: Both Trendlines and Benchmarking are underpinned by Interos’ robust AI infrastructure, which incorporates financial model upgrades and Industry Categories that enhance predictive analytics capabilities. Interos’ award-winning risk intelligence platform continuously monitors 230+ million global entities across 11+ billion relationships in the industry’s largest knowledge graph

Expanding Strategic Partnerships: SAP Ariba Integration

In its commitment to arming organizations with risk intelligence to navigate macroeconomic volatility, Interos deepens its partnership with SAP Ariba, a leading provider of cloud-based procurement solutions. By integrating Interos’ AI-first risk intelligence into SAP Ariba’s procurement workflows, SAP Ariba customers can now access broader supply chain visibility, real-time data and risk-monitoring, and risk-integrated workflows to make better sourcing, onboarding, purchasing, and supplier management decisions.

“With the integration of Interos’ risk intelligence into SAP Ariba Supplier Risk, customers can get even deeper in the risk of the supplier and supply chain, significantly enhancing the capability to navigate risks in real-time across multiple dimensions. This partnership delivers a strategic advantage for our customers, empowering them to make confident, risk-aware decisions throughout the source-to-pay lifecycle,” said Matthew Montgomery, Senior Director – Product Marketing, SAP Intelligent Spend & Business Network.

Thought Leadership on the World Stage

Interos CEO Ted Krantz has been invited to join the World Economic Forum’s Annual Meeting in Davos, Switzerland, in January 2025 to work with the foremost policymakers, CEOs and innovators. This invitation highlights the need for market leaders to come together in shaping global conversations around AI, innovation, and supply chain resilience.

“We’re honored to join the world’s leading innovators at Davos,” continued Krantz. “This is a powerful opportunity to engage in meaningful dialogue about leveraging technology to solve some of the world’s most pressing challenges. This year, supply chains and AI take center stage, and so do we.”

About Interos

Interos is the AI risk intelligence company – building the most trusted and transparent supply chains in the world. Our pioneering discovery and monitoring intelligence spans the lifecycle of supply chain risk, enabling faster and more informed threat mitigation. As the world’s first, and only, automated supplier intelligence platform, we continuously map and monitor extended supply chains at speed and scale to protect organizations from regulatory fines, unethical labor, cyber-attacks, and other systemic vulnerabilities. Interos serves a variety of commercial, government, and public sector customers around the world including a host of Global Fortune 500 companies and from within the members of the Five Eyes nations. For more information, visit www.interos.ai.

Media Contact: Lexi Sydow lsydow@interos.ai

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SOURCE Interos

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Zimmer Biomet Announces Quarterly Dividend for Fourth Quarter of 2024

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WARSAW, Ind., Dec. 18, 2024 /PRNewswire/ — Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, today announced that its Board of Directors has approved the payment of a quarterly cash dividend to stockholders for the fourth quarter of 2024. The cash dividend of $0.24 per share is payable on or about January 31, 2025 to stockholders of record as of the close of business on December 30, 2024.

About Zimmer Biomet 

Zimmer Biomet is a global medical technology leader with a comprehensive portfolio designed to maximize mobility and improve health. We seamlessly transform the patient experience through our innovative products and suite of integrated digital and robotic technologies that leverage data, data analytics and artificial intelligence. 

With 90+ years of trusted leadership and proven expertise, Zimmer Biomet is positioned to deliver the highest quality solutions to patients and providers. Our legacy continues to come to life today through our progressive culture of evolution and innovation.

For more information about our product portfolio, our operations in 25+ countries and sales in 100+ countries or about joining our team, visit www.zimmerbiomet.com or follow on LinkedIn at www.linkedin.com/company/zimmerbiomet or X / Twitter at www.twitter.com/zimmerbiomet.

Media                                             

Investors

Heather Zoumas-Lubeski

David DeMartino

445-248-0577

646-531-6115

heather.zoumaslubeski@zimmerbiomet.com

david.demartino@zimmerbiomet.com

Zach Weiner

908-591-6955

zach.weiner@zimmerbiomet.com

 

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SOURCE Zimmer Biomet Holdings, Inc.

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