The National Stock Exchange will launch a new index series CNX Smallcap Index on Wednesday to meet the requirements of market participants. The index is designed to reflect the behaviour and performance of the small capitalised segment of the financial market. The index is calculated using free float market capitalisation methodology, the total cost of buying all the shares in the open market, with a base date of January 1, 2004, indexed to a base value of 1,000.
Agio Paper allocates shares to promoters
Agio Paper and Industries has allocated 100 lakh equity shares of R10 each at a price of R12 per share (including a premium of R2 per share) on preferential basis to the promoters and non-promoters of the company.
Corporation Bank allots shares to government
Corporation Bank has allotted 46,92,554 equity shares of R10 each at a premium of R648.49 per share to the government of India (GoI) on a preferential basis. As a result, the GoIs holding increased from 57.17% to 58.52%.
Promoter buys 34,000 shares of Sakuma
Sakuma Exports has informed BSE that one of the promoters of the company Sakuma Finvest has purchased 34,000 equity shares of the company from the market. Out of the 34,000 shares, 9,000 were purchased at an average price of R14.10 per equity share on NSE, while and 25,000 shares at an average price of R14.38 per share on BSE.
Bombay Dyeing allots shares to promoter co
Bombay Dyeing & Manufacturing Company has informed BSE that it has allotted to Perman Project Supports, a company in the promoter group, 19,30,000 equity shares on exercise of conversion warrants.