CDSL model to be adopted for inter-depository share transfers
An important hurdle in the introduction of rolling settlement and the next round of compulsory demat trading appears to have been crossed with the two depositories agreeing to introduce the model suggested by CDSL for the transfer of shares.

KPMF's Prima Fund declares 30% dividend
Kothari Pioneer Mutual Fund has declared a dividend of Rs 3 on its Prima Fund. The dividend, which will be tax-free, will be applicable all investors who are registered in the dividend plan as on November 3, 1999.

Unit Trust to float Rs 250-cr venture capital fund
The Unit Trust of India is planning to launch a Rs 250-crore venture capital fund in the current quarter. UTI plans to mobilise around Rs 100 crore from domestic institutional investors and the balance from overseas investors.


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