SEBI to revise registration fees
Kolkata: The Securities and Exchange Board of India will revise and rationalise a whole range of registration fees for primary and secondary market entities. It is undertaking the revision after nine years.

The SEBI Chairman, M.V. Damodaran, while confirming the development, said the final details regarding each category of market intermediaries and entities are being worked out and would shortly be announced. Sources said with the last date for comments on the proposed registration fees structures for brokers expiring on June 10, preparations are already on to incorporate certain suggestions before the formal announcement.

Sources said that according to the broad plan outline, the registration fees for brokers would be brought down and rationalised, while that for FIIs/sub-accounts would have to be doubled. For certain other market intermediaries, such as sub-brokers, debenture trustees and underwriters, the registration fees may remain unchanged.
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Actis to acquire stake in Phoenix Lamps
New Delhi: Private equity investor Actis has announced an investment of $44.4 million for acquiring equity in two companies. This includes buying out the promoter stake in Noida-based Phoenix Lamps, which owns the Halonix brand. The company will invest $28.9 million in Phoenix Lamps to buy out the promoter stake of 36.7 per cent. Actis is acquiring the complete stake of the promoters, B.K. Gupta, H.R. Gupta and family at a price of Rs152 per share, a press release stated.

The acquisition will increase Actis' stake in the company to 45 per cent. Actis will shortly announce an open offer to acquire a further 20 per cent.

Phoenix manufactures and markets lighting products and systems under Halonix brand, including for the high-growth energy efficient segment. Actis will also invest $ 15.5 million in growth capital to fund the expansion of Add Life Medical Institute Ltd, the Gujarat hospital chain, which operates under the Sterling brand.
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Pitti allots shares, warrants
Hyderabad: The board of directors of Pitti Laminations at its meeting on June 30 has allotted 9.6 lakh equity shares of Rs 10 each for cash at a price of Rs120 per share (including premium of Rs 110 per share) to promoters and non-promoter and allotted 2.4 lakh share warrants to promoters.

The company informed the stock exchanges that the allotments include 6 lakh shares to Horse Shoe Capital, 3 lakh shares to Minivet Ltd, 30,000 shares each to Mr Sharad B. Pitti and Akshay S. Pitti, and 1.2 lakh share warrants each to Sharad B. Pitti and Akshay S. Pitti.
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Trading on BSE dampened
Kolkata: With rain and water-logging hammering the financial capital for the fourth consecutive day today, activity in equities and indices movement were nearly at a stand-still for lack of participation. The stock markets reported lowest total turnover of the year at Rs21,608 crore including the turnover in the derivatives segment on both NSE and BSE. On the NSE, the total traded value was merely Rs4,838.31 crore in the cash segment against the Monday's figure of Rs5,061.44 crore.
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Eros raises 22.5 million pounds in London listing
New Delhi: Film maker Eros International Plc which owns and distributes Indian films around the world in a variety of formats, has raised about 22.5 million pounds ($41.48 million) in its offering on London's Alternate Investment Market (AIM), the London Stock Exchange according to the company. The company has more than 110 employees in India, Britain, the United States, United Arab Emirates, Australia and Fiji.

'On its admission to AIM, the company raised a total of 22.5 million pounds ($41.48 million) and has an initial market capitalisation of 176 million pounds, making it the largest listed company in the Indian film industry,' the exchange said in an email release.

Eros was founded in India in 1977, and has a film library containing more than 1,300 titles. The statement said it had acquired and distributed outside India on average 35 films a year.
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