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CSE delists four companies
Kolkata: The Calcutta Stock Exchange on Wednesday announced that it has removed four companies from the official list and quotations.

Indo Rama Synthetics, OCL India, TCI Industries and Star Paper Mills have been de-listed with effect from June 8, after being notified by the listing & de-listing sub-committee of the exchange.

These have been shifted to the permitted category.
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Rabobank to retain 20 per cent stake in Yes Bank post IPO
Mumbai: The Netherlands-based Rabobank is expected to retain 20 per cent stake in Yes Bank, after the Initial Public Offer, according to the bank officials.

Yes Bank's IPO will open on June 15 and close on June 21. Rabobank's stake will come down to 14 per cent after the issue but it will regain 20 per cent through a combination of IPO and market purchases, bank officials said at a news conference. They said that the Reserve Bank of India had approved Rabobank's plans to retain 20 per cent stake.

Prior to setting up Yes Bank, the promoters Rana Kapoor and Ashok Kapur, had set up Rabo India Finance Private Limited.

According to the officials, the bank posted a net profit of Rs61 lakh for the half-year ended March 31, 2005.
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