The Financial Express -- Markets

Tuesday, December 9 1997

Reliance converts 57 lakh euro bonds into equity shares

Reliance Industries Ltd has converted around 57 lakh euro-convertible bonds into equity shares ahead of the book-closure for the 1:1 bonus issue on November 29. Consequently, the equity capital of the company, prior to the bonus issue, has gone up from Rs 458.45 crore to about Rs 464 crore.

UTI to upgrade network to declare daily net asset value

The Unit Trust of India (UTI) plans to install an enterprise resource planning (ERP) package for automating its accounting systems to facilitate daily declaration of net asset values (NAVs) of its 70-odd schemes. The package is to be implemented by Siemens Informations Systems Ltd.

Jardine Fleming debt fund collects Rs 10 cr

The Jardine Fleming India Bond Fund has mopped up around Rs 10 crore at the end of the initial offer period which closed on November 25. The open-ended debt scheme had targetted a minimum subscription of Rs 1 crore. The corpus of the scheme is expected to be invested in debt instruments offering assured returns.

Silver zooms past Rs 7500 mark on seasonal buying

Asian stock markets rally as Thailand, Malaysia clean up their act

UTI to upgrade network to declare daily net asset value

NSE to allot fresh V-Sat connections

Jardine Fleming debt fund collects Rs 10 cr

Reliance converts 57 lakh euro bonds into equity shares

Wait for the market indicators to emerge clearly

Market Round-up -- Call Money

Swiss banks merger boosts European bourses

NYSE cheif dispels fears over accounting standards