Sensex down another 109
Shedding nearly 300 points since Monday the Sensex breached the 5,700-point barrier to end at 5,635 on Thursday. The benchmark index Sensex lost 109 points today, erasing 285 points in the last three trading sessions. The BSE Sensex closed at 5649.86, down 109.43 points (1.9 per cent). On NSE, S&P CNX Nifty closed down by 38.95 points (2.11 per cent) at 1805.40.
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Day 1: Biocon oversubscribed 10.6 times
Bangalore: The IPO of Biocon Ltd was oversubscribed 10.6 times on Thursday. The issue received an unprecedented response of four times the offer for one crore shares of face value Rs 5 each within five minutes of opening. The issue closes on March 18. The issue is priced at Rs 270-315. Biocon is engaged in creating enzymes and biopharmaceuticals. Post-bidding, the paid-up capital of the company will be Rs 100 crore.
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NSDL reduces fee
Mumbai: National Securities Depository Ltd (NSDL) has reduced the custodial fee to Rs 4 per ISIN position per annum from the current fee of Rs 6 per annum, according to a company press release. This reduction will take place from April 1 and the custodial fees would be collected from the depository participants on a quarterly basis.
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DSE delists Century Textiles
Mumbai: Century Textiles and Industries Ltd has informed Bombay Stock Exchange that the Delhi Stock Exchange has delisted the equity shares of the company from the exchange with effect from March 8.
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Ketan Parekh firms lose registration
Mumbai: SEBI has cancelled the broking registration of stock broking firms N H Securities, Classic Shares and Stock Broking Services, Triumph Securities, V.N. Parekh Securities and KNP Securities. These firms were associated with Ketan Parekh, who has already been debarred from the securities market for 14 years.
The registration granted to Triumph International Finance has also been cancelled according to a SEBI release.
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NDTV files prospectus for IPO
Mumbai: The private news broadcaster, New Delhi Television Ltd (NDTV), has filed its draft prospectus with the Securities and Exchange Board of India in preparation for an initial public offering to raise Rs 109 crore.

NDTV is planning to deploy the proceeds of the issue towards meeting its working capital requirements, repayment of loans and for general corporate purposes. The entire issue is through the book-building route.

NDTV has said that 60 per cent of the issue will be allocated on a discretionary basis to institutional buyers, 15 per cent to non-institutional bidders and the remaining 25 per cent to retail bidders. For the nine- month period ending December 31, 2003 NDTV's net loss was Rs 47.38 crore.
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