
Thursday, May 20, 1999
SEBI agrees to rolling settlement on bourses
The Securities and Exchange Board of India (SEBI) has agreed to provide the finance ministry with a road map for nationwide implementation of a comprehensive rolling settlement system.
Reliance AMC to unveil assured income scheme
Going against the industry trend which is more towards non-assurance of returns to the investors, Reliance Capital Asset Management Company (AMC) is launching its first assured income mutual fund. The scheme, a close-ended one, will assure returns for five years.
Finance firms under software garb plan to tap the primary market
Finance companies adopting software tag-ons to lure investors have now turned to the primary market. The erstwhile Express Financial Exchange Ltd, a Chennai-based financial services company rechristened as Helios & Matheso Information Technology, is offering 2,163,200 shares at a premium of Rs 40.
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