|
Birla MF's Goa branch to be a collection centre
Our Markets Bureau
Mumbai, Feb 13: Birla Sun Life AMC's newly opened branch in Panaji, Goa would act as a collection centre for all the mutual fund products of Birla Mutual Fund. The opening of the branch would facilitate investors to fulfil their needs and expedite their redressals. Speaking at the occasion, Aditya Birla Group director - Group Financial Services said, "The financial services vision of the Aditya Birla Group is to be the first preference of our customers as a leading integrated provider of complete financial services through superior value creation and technology." Sebi circularMutual funds should issue a press release stating the reasons for the delay in declaration of NAV and when they would be able to publish the NAVs, if it fails to declare its NAV even on the next day after the delay, said a Sebi circular. In case of any delay, the reason for such delay must be explained to Amfi and Sebi by next day. It has been found out that many mutual funds are not updating the NAVs on timely basis. Recently, in consultation with Amfi it was decided that all mutual funds should update their NAVs and sale/repurchase prices on AMFI website by 8 pm onwards. Delays in adhering to the limit would be viewed seriously said the circular.Sebi receives MBT offer document
During the week ending February 9, 2001, the Securities and Exchange Board of India received the offer document of Mahindra British Telecom (MBT) with ABN Amro Bank as the lead manager. The regulator issued an observation on the rights issue of Alok Textile Industries (ATI), lead managed by SBI Capital Markets. It would be a 14 per cent fully convertible debenture instrument. The issue size would be Rs 51.03 crore and the issue price would be Rs 90. Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
|
