BSE makes changes in mid, small-cap indices
The BSE on Monday announced changes in two indices—BSE mid-cap and small-cap, which will be effective from October 10. A total of nine scrips have been included in BSE Mid-cap index replacing 16 outgoing stocks, while 39 scrips will replace 41 shares on the small-cap index, a BSE release said. Some of the major firms joining the mid-cap index are Bajaj Corp, Eros International Media, Lanco Infratech and Jaypee Infratech. IVRCL, Mahindra Lifespace Developers, Simplex Infrastructure are some of the entities included in small-cap index. The Exchange has revised the list of Group A, comprising of 200 scrips as part of periodic review.
HDFC MF pays R55 laks fine for consent order
HDFC Mutual fund paid R55 laks as part of consent order terms passed by Sebi. Sebi had earlier initiated adjudication proceedings against HDFC trustee for failing in its obligations with alleged acts of front running committed by its employees and Milind Barve, MD/CEO of HDFC Asset Management, for failing in his responsibility for overall risk management function of HDFC Asset Management.
Repco Home Fin files draft red herring prospectus
Repco Home Finance,a housing finance company headquartered in Chennai and promoted by The Repatriates Co-operative Finance and Development Bank (Repco Bank), has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering (IPO) of 15,720,262 equity shares of face value of R10 each for cash. The price will be decided through book-building process. The issue includes a reservation of 1,80,000 equity shares for eligible employees.
KSB Pumps to consider interim dividend
KSB Pumps has informed BSE that a meeting of the board of directors will be held on October 18 to consider and take on record the Unaudited Financial Results (provisional) for the third quarter ended September 30 and also consider interim dividend for the year ending December 31.
Indusind allots shares to staff under ESOS
Indusind Bank has allotted 18,810 equity shares of R10/ each on Monday to those grantees who had exercised their option under the company’s employee Stock Option Scheme. The said shares will rank with the existing shares of the Company in all respect.