New Guidelines for MF investment in derivatives
Mumbai: SEBI has issued a fresh new guidelines for participation by equity funds in derivatives trading for the purpose of hedging and portfolio balancing, along with the caveat that derivative positions must never (not even for a few moments on an intra-day basis) lead to actual or potential short sale/short position on any of the underlying securities.
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CESC board approves Rs 50-cr rights issue
Kolkata: The CESC board on Monday approved a Rs 50-crore rights issue for its equity shareholders in the ratio of one rights share for every eight shares held.
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Four Soft IPO opens on Feb 16
Mumbai: Four Soft Ltd, a Hyderabad-based software company, is launching an IPO of 79.5 lakh shares of Rs 5 each, at premium of Rs 20, aggregating Rs 19.875 crore.
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Welspun members aprove FII limit hike
Mumbai: Welspun India Ltd has informed the Bombay Stock Exchange that the members of the company, vide postal ballot, have approved the resolution authorising the board to give guarantee to secure enhanced working capital facility of Rs 45 crore (including the guarantee given for Rs 33.33 crore) availed of by Glofame Cotspin Industries Ltd.
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Bata to delist from CSE
Kolkata: Bata India has severed yet another tie with the City of Joy, its hometown. Close of the heels of shifting its marketing headquarters from Kolkata to New Delhi, the shoe major has decided to delist its shares from Calcutta Stock Exchange.
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