ICICI Premier offers rollover option for five years
Prudential ICICI Mutual Fund is giving unitholders of ICICI Premier the option to roll over for a further period of five years when it becomes due for redemption in February 1999. The scheme is also proposed to be restructured to a balanced fund from an equity scheme.

RBI panel proposes trust to execute securitisation deals
A Reserve Bank of India (RBI) working group on debt markets has proposed the execution of securitisation deals through a trust to avoid the high stamp duty involved in such deals.

NSDL urges action against errant firms
NSDL chief C B Bhave has written to Sebi asking it to take necessary action on the failure of seven companies, including Colgate-Palmolive and Bharat Heavy Electricals Ltd (Bhel), to sign up with the depository.

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