Business Daily from THE HINDU group of publications |
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Markets Events 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Events in September 2007 Sept 3: SEBI withdraws recognition granted to the Hyderabad Stock Exchange Ltd as it fails to dilute 51 per cent of its equity share capital to public other than shareholders. Sept 4: Jet Airways pushes back plans for a $400-million rights issue as the market conditions at the moment are not right. The Securities and Exchange Board of India decides not to renew the recognition granted to Magadh Stock Exchange Ltd as it is found violating capital market regulations.
Sept. 11: SEBI proceeds against 20 cos for not complying with Clause 49 norms ICICI sells 5.3% stake in Andhra Cement Sept. 12: Dabriwala family-controlled Elpro International reduces its paid up capital in the company by 25 per cent —from around Rs 3.56 crore to about Rs 2.67 crore —and for the first time in the history of Indian capital market, it is paying back shareholders a huge premium of Rs 173 per share for Rs 10 each stock Sept. 17: CTS announces a two-for-one stock split on its capital stock in the form of a stock dividend. Sept 18: The stock of Nagreeka Capital & Infrastructure Ltd lists on the BSE at a premium of 20 per cent against the offer price of Rs 95 at Rs 114. Sept. 19: The Sensex breaches the psychological milestone of 16,000, as the global impact of the US Fed rate cut takes the Indian markets too, in its sweep. Sept. 20: The BSE sensitive index Sensex closes at a record high for the second consecutive day at 16347.95. Sept. 24: The stock markets rise for the fifth day in a row, with the Sensex registering its fourth consecutive closing high at 16,845.83. Sept. 25: In a bid to ease the pressure of forex inflows in the wake of the rate cut by the US Fed, the Reserve Bank of India allows Indian companies to invest more funds overseas without its prior permission. Sept. 26 The BSE Sensitive Index shoots past the 17,000-mark. Events 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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