Monday, August 9, 1999
Change MF norms -- AMFI
Mutual funds have approached the Securities and Exchange Board of India (Sebi) seeking relaxation in the investment norms. MFs are keen that they should be allowed to pick up more stake in a company without attracting the takeover code.
Non-demat shares going at 5-10 per cent discount
Shares which are currently under compulsory dematerialisation but still remain in the physical form are quoting at a discount of 8% in the market.
Sebi encourages plantations cos to pay-back
The Securities and Exchange Board of India (SEBI) would encourage plantation companies, wanting to pay back investors, to draw up a scheme for repayment.
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