
Thursday, September 17, 1998
VST Industries receives broker Damani shares for transfer
In a communication to Hyderabad Stock Exchange (HSE), the VST Industries has stated that it has received the shares for transfer from Radhakishan S Damani along with the person in concert. Pointing out to the letter that Damani had sent to VST management, the latter in its letter to HSE said that it has yet to receive the complete details of the former's holdings in the company and awaits to supply the same to HSE as required by disclosure norms.
Credit rating for privately-placed debt may become mandatory
The Department of Company Affairs (DCA) is expected to make credit rating of privately placed debt mandatory. The DCA is likely to pass an order to this effect in the next few months.
FMC workshop to discuss futures policy directions
A two-day workshop on commodity futures markets, beginning at New Delhi on Friday, will focus on policy directions for development of commodity futures markets and improvement of regulatory framework for such markets in the country.
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