HCL Tech to give 1:1 bonus
New Delhi: HCL Technologies (HCL) has recommended 1:1 bonus issue. The company would, subject to shareholders approval, issue one additional equity share for every share held by the shareholders on the record date, to be fixed by the board.

The paid-up share capital of the company is Rs64.69 crore (comprising 323,442,350 equity share of face value of Rs2 each). The company had reserves and surplus of Rs2511.18 crore as on June 30, 2006. Post-issue of bonus shares, the outstanding equity shares of the company will be 646,884,700 shares.

HCL Technologies was listed in January 2000 and had earlier undertaken a 1:1 stock split in December 2000. The company's shares closed at Rs625.05 per share on the BSE on Thursday.
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Ansal raises Rs 681 crore through QIP
New Delhi: Ansal Properties & Infrastructure has completed its Qualified Institutions Placement in India and raised Rs681.75 crore through allotment of 67.50 lakh shares of Rs5 each at a price of Rs1,010 per share. The overall book was subscribed by over two times.

The QIP saw participation from 15 domestic investors including domestic mutual funds, banks and insurance companies.
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Mutual fund investors to get ID number
Mumbai: Mutual fund investors will now have to carry a number MIN — Mutual fund Identification Number that will be given by CDSL Ventures in association with the Association of Mutual Funds of India (AMFI).

Investors will have to submit proof of identity and residence apart from the PAN card number. AMFI has tied up with CDSL Ventures to store these documents for access by Asset Management Companies in line with enhanced `Know Your Client' norms, said. Investors can submit them at the offices of CDSL and asset management companies.

Plans are on to later give MIN ID to investors with investment below Rs50,000 also.
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Tanla Solutions IPO gets subscribed 36.18 times
Mumbai: The public issue of Tanla Solutions has been subscribed 36.18 times at the close of the last day of book building. The QIB portion was subscribed 9.13 times, while the retail individual portion received a low response at 0.16 times. The non-institutional investors' portion was subscribed 0.16 times. Bids have been received across the price band of Rs230 - Rs265. The
company issued 1,58,85,000 equity shares of Rs2 each.
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Sebi looks at regulating TV / print content on stocks
Mumbai: Sebi chairman M Damodaran speaking after the unveiling of the `first-of-its-kind' in India live stock price ticker and video screen on the exterior wall of the Bombay Stock Exchange building, said the stock market regulator was looking at ways to regulate stock market-related analysis and comments appearing in both the print and electronic media to ensure that general investors were not misguided by vested interests.

Damodaran hinted that the regulator may be forced to control content in the media if free-flowing, stock-specific advises by so-called experts go unchecked - mostly in the electronic media and to some extent in the print media.

Lately there has been a growing feeling that some of the free advises on stock purchase/sales may have been done with vested interests.

Earlier this year Sebi asked Kolkota-based Mathew Easow and his associates to "cease and desist" from giving recommendations relating to the securities market in the media following alleged misleading tips to investors.
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