Tata MF to make tax-saving scheme open-ended
Tata Asset Management has decided to approach the Securities and Exchange Board of India to make its existing ELSS, Tata Tax Saving '96 open-end. Tata AMC has only one tax planner under management.

BoR to issue warrants with rights
Bank of Rajasthan has decided to issue convertible warrants along with its proposed Rs 67-crore rights issue. The rights issue, at a premium of Rs 5, is in the ratio of five shares for every two shares held in the bank and one warrant will be attatched to each equity share.

SQL Star International plans IPO at a premium of Rs 25
In stark contrast to the issues by Sonata and KPIT Systems, Hyderabad-based SQL Star International Ltd has pegged the premium for its maiden public offering at modest range of Rs 22-25 per share.

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