Sebi, NCAER sign MoU for 5-year project
The Securities and Exchange Board of India (Sebi) on Friday signed a memorandum of understanding (MoU) with the National Council of Applied Economic Research (NCAER) for a five-year research programme on capital markets. "It is expected that this research programme will help greatly in understanding the evolution of the Indian capital market and in policy making over the next few years," Sebi said in a release. Sebi was discussing with other academic and research institutions of National and international repute, it said.Carborundum to buy back shares
Carborundum Universal Ltd has filed a draft offer document with the Securities and Exchange Board of India (Sebi) for buying back of shares at Rs 115 per share of face value Rs 10 each. The company proposes to buy over 27.67 lakh shares representing 22.87 per cent of its paid-up share capital through tender offer on or after the specified date of September 13, 2000, Sebi said on Friday.
Gold bond repayment date extended
Government on Friday extended the repayment facility for the holders of Gold Bond, 1998 to September 14, 2001. The RBI alone would handle repayment of outstanding bonds after September next year, taking over from SBI, which is currently handling the repayment facilities, an official release said.
Trades worth Rs 801cr at WDM of NSE
The Wholesale Debt Market segment of the NSE on Friday witnessed a total turnover of Rs 801.58 crore in 115 trades. Top securities (non-repo) traded on WDM segment were, the 12.50 per cent Government security maturing in 2004 traded for Rs 182.00 crore at a weighted yield of 10.93 per cent.
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