Tuesday, July 14, 1998
IL&FS AMC plans to enter market with maiden scheme
IL&FS Asset Management Company, which is currently the local advisor to the US-based Oppenhiemer Fund, is planning a foray into the domestic mutual fund industry by launching a scheme in the next month or so. The asset management arm of IL&FS has already received an approval from SEBI to come out with a mutual fund scheme about three months back and is currently working out the modalities of its maiden scheme.
ICICI to hit market with Rs 300 cr second tranche of safety bonds
Industrial Credit and Investment Corporation of India (ICICI) will hit the debt market with the second tranche of bonds aggregating Rs 300 crore under the series "ICICI Safety Bonds July 98" as a part of its Rs 3,,000-crore public issue for the current fiscal with a right to retain oversubscription up to Rs 300 crore. The financial institution has also received a green signal from Securities & Exchange Board of India (SEBI) to raise the said amount with a right to retain oversubscription.
Depository accounts hurtle past 40,000
The markets may be in the dumps but retail investors are thronging the depository if the figures for the first half of July are any indication. The number of accounts opened, the real barometer of success of the National Securities Depository Ltd (NSDL), have swelled in the first 11 days of the month to cross the 40,000 mark.
|
|
