Merchant bankers may be master of ceremonies
Sebi is considering making it mandatory for companies to appoint a merchant banker at the time of making an offer for buyback of shares. The regulator feels that this would give a greater comfort level to the investors and the regulator.

Magnum Liquibond mops up Rs 30 crore
SBI Mutual Fund's open-ended income scheme, Magnum Liquibond, has raised around Rs 30 crore in the initial phase of subscription. The scheme, which was launched on October 6 closed on November 5 for initial subscription.

AV Birla group plans to centralise coal imports
The Aditya Birla group is set to centralise coal imports to meet the huge requirement of its group companies. The group's corporate office may soon constitute a central cell for the purpose which will enter into long-term supply contracts with international coal companies.

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