CSE unveils investor service cell
The Calcutta Stock Exchange on Friday inaugurated the investor service cell to provide better service to the investors, the CSE president JM Choudhury said in Calcutta. The centre would be equipped with terminals which will display online rates of shares transacted on NSE, Mumbai Stock Exchange and CSE. Besides, the cell would provide investors with all financial dailies, magazines and daily quotations published by the exchange, the president said. The cell would also handle investor grievances. CSE has plans to open up such cells in Asansol, Durgapur, Haldia and Siliguri.

Essar Oil in compulsory demat
Based on Sebi's working group recommendations it has been decided to include Essar Oil Ltd shares to be traded compulsorily through demateriaslied form for all investors with effects from May 8, 2000. This step while protecting the rights of the investor under the Act will also ensure that the risks to the investors on account of fake, forged certificates, on account of bad delivery and delays in transfer, etc are eliminated. The investors are requested to send the share certificate for demat through their depository participant.

Micro Tech extends IPO closing date
The closing date for the Rs 8.25 crore Micro Technologies IPO has been extended till May 15. According to a company release, the closing date has been extended "in view of the bank strike of May 11." Through its maiden public offering, the company is offering 13,75,000 equity shares of Rs 109 each at a premium of Rs 50. The objective of the issue is to set up muti-purpose centres at five different cities across India.