The Financial Express -- Markets

Wednesday, May 14 1997

Investors warned over fake Sesa Goa shares

Sesa Goa and the Bombay Stock Exchange have warned investors about the circulation of company's forged share certificates in the market. Though the cause of the delay is not known, many investors, would have been receiving bad delivery shares. The company claims to have already taken up the matter with appropriate authorities for investigation and necessary action.

Infrastructure Bond Issue

Templeton to float money market mutual fund

Templeton Mutual Fund is planning to launch a money market mutual fund to meet the short-term investment needs of its investors. It has already launched the Templeton India Growth Fund, for the long-term and the Templeton India Income Fund for the medium-term. The scheme, primarily an equity scheme, has invested only 57% of its funds in stocks.

Zee Telefilms scrip soars 42%

The price of the Subhash Chandra-controlled Zee Telefilms scrip has soared nearly 42% in the past 10 trading days in anticipation of the management allowing foreign institutional investors to raise their stake in the company from 24% to 30%.

Ford Credit Kotak Mahindra rated FAA

Dollar purchase by traders tops $5,145 million in March

Pivotals drift lower due to restricted activity

ANNOUNCEMENTS

MARKET ROUND-UP

Bears stalk ACC

Mustard, cottonseed oil slump on weak demand

Jersey India places shares at discount to raise Rs 2 cr

Bangladesh likely to set up national bourse

Securities validation plan faces uphill task

Index -- Non-dealing dealers

Nestle's Rs 50-cr debt paper to carry 14.5% coupon

Alpic to cut coupon on NCD