The Financial Express -- Markets

Wednesday, November 26 1997

Crisil assigns P1+ rating to IPCL commercial paper

The Indian Petrochemicals Corporation Ltd's (IPCL) debt programme of raising funds through commercial paper (CP) issue has been given the highest rating of P1+ by the Credit Rating Information Services of India Ltd (Crisil). IPCL is planning to raise Rs 300 crore through the CP issue.

Ace Labs plans firm allotment to institutions

Ace Laboratories is planning a firm allotment of Rs 4 crore to financial institutions and banks along with its rights issue next year. The 1:2 rights issue has been priced at a premium of Rs 10 per share. However, financial institutions will have to cough out a higher amount of Rs 25-30 per share.

LIC fund to expand Dhanvarsha series, offer 11.88% assured returns

LIC Mutual Fund plans to launch yet another scheme in the Dhanvarsha series. The scheme - Dhanvarsha (11) - has a five-year duration and offers both income and growth options. Income for the subsequent years will be declared before the end of the preceding year and paid by way of post-dated cheques for one year. The scheme has a one year lock-in, after which repurchases will be done at the net asset value.

Polyester yarn turns weak; pulses remain firm; gold suffers

Ace Labs plans firm allotment to institutions

Share theft racket busted

Opportunities galore as market recovers

"Time to pick up select stocks in southeast Asia"

Runaway opportunity for buyers unlikely

Market Round-up -- Call Money

Sensex recovers 77 points on shortcovering

Crisil assigns P1+ rating to IPCL commercial paper

Committee clears Best & Crompton Engineering share transfer backlog

LIC fund to expand Dhanvarsha series, offer 11.88% assured returns

Yamaichi bankruptcy spurs slide in Tokyo stocks and currency

Aberdeen sees good equity buys in Asia

Seoul shares end lower on IMF concerns