Sebi has reviewed the structure of application-cum-bidding-form to make it investor friendly and ensure uniformity in bidding and accuracy. The form has been standardised with only a single form for Asba and Non-Asba applicants. It has also decided that the application-cum-bidding form would be printed in a booklet form of A4 size paper. According to the Sebi circular, the above rules shall be applicable on red herring prospectus/ prospectus filed with registrar of companies on or after November 1. Additionally, a new format for disclosure of Price Information of Past Issues handled by Merchant Bankers was provided. All Merchant Bankers were directed to comply with the same on or after November 1, 2011
Noida Toll to consider interim dividend on Oct 4
Noida Toll Bridge Company has informed that a meeting of the board of directors of the company will be held on October 4, for considering a declaration of an interim dividend for FY 2011-12 to the equity shareholders of the company.
L&T MF launches MIP wealth builder fund
L&T Mutual Fund on Tuesday announced the launch of L&T MIP- Wealth Builder Fund, an open ended income scheme. L&T MIP-wealth builder fund is an income scheme with a debt exposure of 70%-100% and equity exposure can be up to 30%. The NFO will be closing on October 11 and schemes will be benchmarked against Crisil MIP Blended fund Index.
India Infoline brings out IIFL Nifty ETF
India Infoline Asset Management Company on Tuesday announced the launch of its IIFL Nifty ETF. This is an open-ended, index- linked, exchange traded fund. All the fees and expenses are capped at 0.25% for managing R100 for one year. The NFO will open on September 28 and close on October 12.