Friday, January 29, 1999
Court gives nod for identifying CRB fund unitholders
The Mumbai High Court on January 22 has approved the `certification procedure' for identifying the original unitholders registered with the CRB Mutual Fund. Under the given procedure, the exchanges would now be authorised to identify the genuine shareholders under the schemes floated by CRB Mutual Fund.
Chola AMC to unveil 2 close-ended income schemes
Cholamandalam Cazenove AMC plans to hit the market with two closed-end income schemes in February. The two income schemes have been christened Chola Amity and Chola HI '99. While Chola Amity has a tenure of five years, Chola HI '99 will be redeemed after 3 years and two months.
Punters turn cautious, hurry to liquidate software holdings
Taking a cue from the precautionary messages flashed by Sebi and Bombay Stock Exchange (BSE) investors rushed to liquidate their holdings in the software sector. Info-tech stocks listed on the non-specified category of the BSE were the worst hit with operators selling huge chunks in the open market.
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