The Indian Express -- Business

Friday, August 15 1997

FOREX RATES INDICES STOCK

Chokseys, FIIs chuck deal

Even as the Securities and Exchange Board of India (SEBI) has begun collecting information on the Asian Paints share deal, the Choksey family and DSP Merrill Lynch announced that "the block trade of 3.5 million shares of Asian Paints has been cancelled by and between the parties.

JP Morgan out of ICICI MF

US-based J P Morgan has decided to pull out of ICICI Asset Management Company (I-AMC) which was jointly promoted with ICICI four years ago. ICICI has roped in Prudential Corporation of the UK to replace J P Morgan.

Reliance to prepone debenture repayment

Reliance Industries (RIL) has decided to prepone the redemption of "F" series of debentures for a sum of Rs 266.55 crore. RIL had earlier preponed the date of redemption of its 10-year non-convertible debentures (NCDs) in the "J" and "K" series worth Rs 390 crore by five years.

ITC seeks time on ED notice

Cos Bill finally tabled in RS

Bizbits -- SBI gets 2 MDs

No fizz to midnight session, MNC assures

Tanfac plans on preferential issue quashed