Badla
rates go up
Mumbai: Badla rates on the Bombay Stock
Exchange rose to around 27 to 29 per cent per annum on
25 September from the average of 20 to 22 per cent per
annum in the previous weeks. Badla rates had touched a
high of 43 per cent during mid-session before settling
around 30 per cent.
The increase is attributed
to withdrawal of funds by some financiers, and an increase
in long outstanding positions from Rs 2,550 crore to around
Rs 2,680 crore last week.
Three stocks -- Digital
Equipment, Essel Packaging and Sterlite Industries --
attracted backwardation charges for book closures on account
of dividend payments, and Britannia for issue of bonus
shares.
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Zee
scrip past Rs 5,000 in kerb deals
Mumbai: Zee Telefilms' share price crossed
the Rs 5,000-mark in unofficial trading. The scrip touched
Rs 5,150 at Lyons Range in Calcutta and about 30,000 shares
were traded on 25 September. The stock was quoted around
Rs 5,075 in the evening.
The spurt on 25 September
is mainly on account of the announcement of the deal between
Zee Telefilms and Star TV under which Zee Telefilms will
buy out Star's stake in three joint ventures.
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