Sebi has directed the three underwriters of Dewan Sugars Ltd's Rs 13.71 crore FCD issue to deposit their underwriting commitment in a bank account by the second week of March. The three underwriters to the issue - Uttam Industrial Engineering, Era Construction and Prominent Securities - have a combined commitment of over Rs 3.90 crore. The direction follows the hearing of an appeal filed by Dewan Sugars before SEBI against DSE's rejection of listing permission to the FCD issue.

DaRT plans bonus issue:

Dataline & Research Technologies (India) Ltd plans to reward its shareholders with a bonus issue. The company board is scheduled to meet on Thursday to consider issue of bonus shares and approve the accounts for the 18-month period ended December 1998. According to a senior company official, ``The results are good enough to warrant a liberal bonus.'' On the bourses, punters have been pushing up the stock to new highs.

Gilt fund from Dundee:

Canada-based Dundee Mutual Fund said it plans to launch a pure gilt fund, a mutual fund scheme which would invest funds only in state and central government securities. ``We would be launching the gilt fund on April 1 with a minimum subscription amount of Rs 5,000,'' the chairman of Dundee Investment Management and Research , Danesh Varma said.

Sun F&C gives 67% return:

Sun F&C Value Fund, an open-ended equity fund from Sun F&C AMC, has given a return of 67.74 per cent for the period ended December 31, 1997 to February 18, 1999. The net asset value (NAV) of the fund has rose to touch Rs 16.02 as on February 18 from Rs 9.55 as on December 31, 1997. The fund has outperformed the BSE Sensex by 76.18 per cent during the same period.

ITC Thread needle revises entry load:

ITC Threadneedle Mutual Fund has revised the entry load for its Top 200 fund. Investors investing over Rs 1 crore in the fund no longer have to pay an entry load and for investments below Rs 1 crore the entry load isreduced to 2 per cent. Zurich rolls over fund: The Zurich India Equity Fund, which was converted from Centurion Prudence Fund '93, has been rolled over as an open-ended fund. A sizable number of investors continue to be in the scheme. The fund has generated a total return of over 40 per cent.

Mixed trading on DSE:

Share values closed mixed on the Delhi Stock Exchange with select scrips showing marginal increase in an otherwise dull trading. The DSE index (base 1983) closed 1.52 points higher at 730.27. FIIs did not make any heavy purchases. Equities gain moderately on MSE: Equities moved both ways to settle with marginal gains or losses on buying support and selling pressure on the stock market. Software counters further declined on increased selling coupled with profit making. The MSE index opened with a weak note at 3512.65, later recovered to settled at 3563.99.