Business Daily from THE HINDU group of publications
Tuesday, Jul 03, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, Jul 03, 2007 ePaper |
|
|
|
|
|
|
|
Markets
-
Stock Exchanges
Our Bureau Kochi July 1 Under the de-mutualisation scheme that has been approved by SEBI, the Cochin Stock Exchange has decided to allot shares to non-members. Under the scheme, 51 per cent of the paid-up capital has to be held by the public, other than broker-members. The General Body of the exchange has given its approval. Consequently, the authorised capital of the company has been raised to allot additional shares to non-members and enhance the public holding by inducting strategic and financial investors. Bidding Process
The allotment of these incremental shares would be by way of private placements and through competitive bidding process. Both corporate and individual investors, who are eligible in accordance with the SEBI regulations would be permitted to participate in the bidding process, a press release issued here has said. The final allotment of shares would, however, be subject to the SEBI approval. The additional shares thus allotted would not carry trading rights, the release said.
More Stories on : Stock Exchanges
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|