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Corporate Economy Expressions Markets Leisure 25 February 1998   Sebi unveils guidelines for BOLT expansion to Pune Securities Exchange Board of Insia (Sebi) has issued a 15-point guideline on the implementation of the BOLT tie-up with Pune Stock Exchange (PSE) which is expected to serve as a model memorandum of understanding (MoU) for exchanges in future. The conditions laid down by Sebi in the form of the 15-point agenda specify the need for the PSE member to fulfil his settlement liabilities to his clients, irrespective of his disputes with the BSE member.   Sebi rejects Nahar Investors & Traders exemption plea on Mahavir Spinning SEBI has rejected the exemption from offer plea of Nahar Investors and Traders for acquiring an additional 15% stake in Mahvir Spinning Mills. The exemption was sought on the grounds that the acquirers wished to consolidate their shareholding up to 15% of the shareholding in the target company with the intent to arrest the sharp fall in the price of the scrip which has been witnessed in the recent past and to infuse new faith and confidence in the minds of the shareholders. CARE rates Blue Star Rs 10-cr debenture plan PR1 plus The Credit Analysis & Research (CARE) has assigned a PR1+ rating to the Rs 10 crore non-convertible debenture (NCD) programme of Blue Star (BSL). This indicates a high degree of safety regarding timely payment on the instrument. BSL, a leading manufacturer of air-conditioning systems, has a 40% market share in central and packaged air-conditioning systems. Rating made mandatory to mobilise funds The Securities and Exchange Board of India (Sebi) has directed that existing collective investment schemes can mobilise money from the public or investors under their existing schemes only if a credit rating from any one of the four noted rating agencies has been obtained.   Market interest wanes in Carrier Aircon Carrier Aircon's scrip has not been a very consistent performer for some time now despite a very good earnings show and a strong growth in marketshare. Over the last one year, the company has been able to grow at a rate of over 30% even under difficult market conditions. Industry sources have attributed the market's cautious attitude towards Carrier Aircon to the noises that various Korean airconditioner manufacturers have been making about introducing their brands in the country. Depository frowns as Castrol tries its own version of paperless trading In the first case of its kind, the National Securities Depository Ltd (NSDL) has taken strong exception to leading lubes multinational Castrol India Ltd's efforts to pressure investors to send their entire folio of shares for dematerialisation.     Market Briefing   Market Round-Up   Fresh fund mopup infuses life into term-money market   Marketmen pound scrips   Hectic trading in Hoechst Marion   Equity-based MFs hold potential for dream returns   GE Shipping   Buy on hopes of post-election rally