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Wednesday, November 12 1997

No firm allotment for FIs, banks under book-building

[Details] SEBI has done away with the firm allotment/reservations of shares to financial institutions, NRIs, OCBs, mutual funds and banks under the book building process. In its new guidelines/clarifications issued to all merchant bankers on October 27, the Securities and Exchange Board of India (SEBI) has clarified that firm allotments/reservations can be made only to the "permanent employees and shareholders".
Datamatics

Dilip Chhabria Design

NCPRB

BSE brokers rush for cards corporatisation before deadline

[Details] The move to corporatise individual broking cards seems to be gradually gathering pace at the Bombay Stock Exchange, ahead of the December 31 deadline. As per the figures available on November 11, of the 600-odd brokers registered with the exchange, 154 members have already corporatised their individual broking cards and another 20 applications have been received by the exchange authorities for final clearance.

NSDL demats another 10 crore shares; says cut in remat time difficult

[Details] About 100 million shares have been dematerialised in the last 10 days with institutional and retail investors lining up to dematerialise their holdings. In addition to the 100 million shares, about 80 million shares are believed to be at various stages of dematerialisation. The level of dematerialisation now stands at about 680 million shares, up from the figure of 580 million shares recorded on October 31.
Hoarding tendency pushes up wheat; sugar slips

No firm allotment for FIs, banks under book-building

HC stays Cochin Stock Exchange's move to slash conversion fee

Meet to define role of trustees remains inconclusive

Market Round-up -- Call Money

BSE brokers rush for cards corporatisation before deadline

Volatility may cripple south-Asian banks

NSDL demats another 10 crore shares; says cut in remat time difficult

Crisil assigns A- (SO) rating to VMC's bonds

Bundesbank may frown on Bonn swap plan

Mark to market -- Thermax on a downward spiral

15 satellite dealers barred from entering call market

Spices Board has left us in lurch, say cardamom planters

Oasis of opportunities in a cautious market


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