NSE's ad hoc margins pull down market
Mumbai: Stocks continued to fall for the second day on Friday as most of the market players wound their positions down following NSE's decision to impose ad hoc margins in the derivatives segment. The sharp fall in today's trading was also due to some short-selling.
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IFCI offloads LIC Housing shares
New Delhi: In a bulk deal, IFCI Ltd on Friday netted Rs 68.75 crore by selling 36,66,813 equity shares of LIC Housing Finance Ltd at Rs 187.50 per share.

The deal was done through IFCI Financial Services Ltd on the NSE. The shares sold constitute 4.889 per cent of the paid-up capital of LICHFL, IFCI has said.
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SEBI Chairman defends frequent changes in listing agreement
New Delhi: The Securities and Exchange Board of India's Chairman, Mr G.N. Bajpai, on Friday defended the frequent revisions in corporate governance norms through amendments in listing agreements. The regulator had a dual responsibility of "development and regulation" of the securities market
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BILT GDS issue oversubscribed
Ballarpur Industries Ltd's global depository shares issue priced at $8.27 aggregating $35 million has been oversubscribed.

Each GDS represented five common shares of the company. The issue was priced at a discount of 2.1 per cent to the closing price of Rs 76.65 as of market close yesterday.
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