Red Ribbon Asset Management Plc - Board considers IPO
Corporate Strategy
Founded in April 2007, Red Ribbon Asset Management Plc is an impact investment company that incubates scalable projects in India by exporting established products, services and technology from the UK to India, creating tremendous opportunities for investors interested in projects that deliver both income and capital growth.
Each project complies with our stringent selection process and is managed by a CEO with a proven track record in the sector, and run to the same standard as that of a UK Plc, offering a secure platform for investors to invest in India.
Red Ribbon's Eco Hotels (www.theeco.com), the world's first carbon neutral hotel brand aims to exploit the severe shortage of budget hotels. To support the rapid rollout of the Eco Hotels and to capitalise on the large construction market, Red Ribbon is setting up Modulex (www.modulex.in), India's first and the World's largest full fit out steel modular buildings factory. Eco Hotels and Modulex are both powered by solar and wind energy company Armaec (www.armaecenergy.com), completing a horizontally integrated group in property, offsite construction and renewable energy.
Impact Investment is making investments in projects that deliver measurable social and environmental impact whilst achieving strong financial returns. This 'Triple P Bottom Line' approach of People, Planet and Profit ensures that each group company delivers a measurable social and environmental impact whilst delivering a market rate return (www.thegiin.org). We are committed to re-investing up to 5% of our annual profits to support sustainable development in local communities and the improvement of the welfare of our employees.
Corporate Update
Red Ribbon Asset Management Plc's investment in the incubated projects and that of external shareholders will be acquired by Red Ribbon Impact Investments Plc based on a share swap with shares allotted in Red Ribbon Impact Investments Plc. The funding raised as part of the listing will be invested in increasing the number of Modulex factories, increasing the number of operating rooms of Eco Hotels to 1,000 rooms and increasing the operating capacity of Armaec to 100 MW of solar energy.
Furthermore, consolidation of ownership on a listed platform will help drive the Red Ribbon brand and unlock value in the incubation projects and take the Red Ribbon story to new audiences. A further announcement on the listing will be made in due course.
"We are pleased to enter the London bourses with a strong message of how Impact Investment is relevant to long term sustainability of businesses and community. Our projects have a distinct 'Triple P Bottomline' impact of job creation, employee welfare and ownership and environmental impact of carbon neutrality alongside significant growth" said Suchit Punnose, Founder and CEO of Red Ribbon Asset Management Plc




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