Wednesday, March 31, 1999
Satyam bonus on April 13; 1 to 2 ratio expected
Satyam Computers has finally put to rest the speculation of a bonus from the company. However, speculators have now shifted their focus on the ratio in which the company will capitalise its reserves to reward its shareholders.
STCI debt plan gets highest safety rating
ICRA and Crisil have assigned an A1+ and P1+ rating to the Rs 100-crore short term debt programme of the Securities Trading Corporation of India (STCI). The rating indicates highest safety and reflects the strong networth, favourable market position and good profitablity performance of the company.
IndBank Mutual Fund advances Swarna Pushpa redemption
Indian Bank Mutual Fund has decided to advance the redemption of its closed-end income scheme, Swarna Pushpa. The assured return plan, due for redemption in March, 2001, will now be redeemed tomorrow at the par value of Rs 100. As on March 12, 1999, the scheme had a net asset value of Rs 103.84.
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