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Corporate Economy Expressions Markets Leisure Saturday, March 14, 1998   Sun Paper Mills public issue to open on Mar 23 Newsprint manufacturer Sun Paper Mills is coming out with a public issue on March 23 this year to set up a cogeneration plant. The issue is for 82,50,000 equity shares of Rs 10 each for cash at par aggregating to Rs 8.25 crore. The total project cost is estimated to be Rs 23.50 crore.   Nicholas Piramal low on market scale While the pharma sector is one of the better tracked and appreciated sectors among domestic industries, a few companies, despite several unshakable strengths, are not counted among the blessed. Take Nicholas Piramal Ltd (NPL) for example. Even though the stock has been appreciating in recent days, there is no real perceptible interest from the general investing community or even among people who track pharma stocks. Institutions to meet over HLL insider-trading issue Financial institutions (FIs) have expressed concern over the Securities & Exchange Board of India's (Sebi's) indictment of Hindustan Lever Ltd on charges of insider-trading in Brooke Bond Lipton India Ltd (BBLIL) shares. State Bank of Travancore finally trades on BSE After keeping everyone guessing for more than two weeks since its listing on the Bombay Stock Exchange on February 23, State Bank of Travancore (SBT) has finally been traded for the first time on the BSE on March 11. SBT's maiden performance on BSE is indeed a lackadaisical one.   Bank, consumer and pharma stocks find favour in fourth-quarter of 1997 The Indian stock market is increasingly getting institutionalised. As the domestic fund managers control assets of over Rs 75,000 crore, they lead the market with their bets. With many fund managers disclosing their portfolios every quarter, an attempt has been made to figure out a fund manager's preferred stocks and not-so-preferred ones. SRF sets sight on shareholders to share its debt burden at a premium Hit by high interest burden, SRF Ltd is embarking on a major financial restructuring exercise. The company is in the process of replacing high cost debt with low cost funds. This will give the company some financial leverage and may help it save on interest cost. SRF is repaying long-term debt in the form of term loan and debenture liabilities to the tune of Rs 209.08 crore.     Signals indicate bearish sign; market may stage short-term decline   Fund Update   Welcome to the era of the Indian shareholder   Market Briefing   IDBI not to fund hostile takeovers   "Allow share buyback to ward off takeovers"   Insider-trading charge against Gopalakrishnan may be dropped   Rating is a catalyst for market growth, says Moody's