Saturday, November 14, 1998
Bhagwati panel sews up takeover code norms
The justice PN Bhagwati committee on takeovers set up by the Securities & Exchange Board of India (Sebi) has spelt out the impact on the takeover code if a company makes a buyback offer. A general exemption from the takeover code will be accorded to any shareholder if his holdings go past the threshold limit provided there is no change in management control.
Reserve Bank trims 14, 91-day treasury bills yields yet again
In its second consecutive week after changing the 91-day t-bills auction system from multiple price auction to uniform price auction, the Reserve Bank of India (RBI) on Friday lowered the implicit cut off yields of 91-day T-bills and 14-day T-bills by 17 basis points and 53 basis points respectively.
100% FDI in housing with three-year lock-in mooted
Union minister for urban affairs and employment, Ram Jethmalani, on Friday said that a proposal allowing 100% foreign direct investment in the housing sector with a lock-in period of three years has been mooted by the government.
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