September 6, 2013

Press Release No. 1

NSE holds conference on Exchange traded funds and PSU ETF in Kolkata

Kolkata, 6^th September, 2013: The National Stock exchange (NSE) today organised a conference, in Kolkata, on exchange traded funds (ETF’s) and its advantages as an asset class. The conference was held in the backdrop of the government’s recent announcement, to soon launch an exchange traded fund, of prominent public sector company stocks. NSE and the government have been jointly conducting seminars in different cities, to create awareness on exchange traded funds, its advantages for investors as well as on the unique qualities of the CPSE (central public sector enterprises) ETF. Similar conferences have been held in Jaipur and Mumbai recently.

Today, the keynote address was delivered by Mr. Rajib Kumar Sen, Director, Department of Disinvestment in the Ministry of Finance, in which he highlighted the government’s intent to launch the CPSE ETF and sought market feedback to make the product a big success. Mr. Sameer Desai, Executive Director at Goldman Sachs Asset Management (India) Private Limited also addressed the audience. (Goldman Sachs is the AMC which will provide the CPSE ETF offering). The conference was attended by a large number of member brokers and market participants. There was an interactive session between Mr. Sen and Mr. Desai with member brokers and investors, after the speeches were delivered.

Mr. Rajib Kumar Sen, Director, Department of Disinvestment, Ministry of Finance said, “We plan to come up with attractive discounts at the time of issue as well as loyalty bonus to the retail investor, to encourage all classes of investors, especially retail investors to invest in this product.”

An Exchange Traded Fund (ETF) is an investment fund that is traded on a stock exchange, just like stocks. An ETF holds assets such as stocks, commodities or bonds and trades around its net asset value (NAV) over the course of the trading day. Most ETFs track an index, such as a stock index or bond index. ETFs are an attractive investment, because of their low costs, tax efficiency and stock-like features. Traded value in ETF’s has grown tremendously in India: there has been a three-fold increase in assets under management, from 425 million dollars three years ago to 2.13 billion dollars.

The CPSE-ETF will consist of listed CPSE stocks, which have had a strong performance. It will be a low cost, low risk and well diversified equity product, which will encourage retail investors to come and invest in equity based product with very low risk and at a very low cost. It will give them an opportunity to buy a product that represents a combination of various blue chip public sector companies across sectors, thereby providing healthy diversification while minimizing concentration risks.

The Central government had recently appointed ICICI Securities as the advisor to assist and advise the government in launching the CPSE ETF, while Goldman Sachs Asset Management has been appointed as the asset management company, to act as provider for the proposed CPSE-ETF offering.

NSE has been focusing on growing the investor base in West Bengal and the Eastern region for many years. Every year nearly 100 seminars are done in the Eastern region, for the financial empowerment of investors. The number of investors in the Eastern region has grown by close to 10% during the first quarter of financial year, 2013-14, as compared to the corresponding quarter in 2012 -13.

Chief Business development, NSE, Mr. Ravi Varanasi said, “People in the East have the financial capacity to invest, but are risk averse. We conduct many investor campaigns in the State to create awareness among people, about products like ETF’s, through which small investments can fetch good returns and the risk is low. We will be putting in all our energies into making the CPSE ETF a success, when it launches.’’

NSE and the government have been conducting joint sessions on ETF’s and the CPSE ETF and taking feedback from market participants on different aspects of the CPSE ETF , including composition of the basket, the discount or loyalty bonuses as well as the timing of the launch.

Internationally, the ETF market is as large as 2000 billion dollars and since the 2008 Lehman crisis, is one of the best asset classes to perform. With more awareness on the unique benefits of ETF’s, the Indian market for the asset class can also grow manifold. The government’s recent move to reduce the securities transaction tax, for trading in ETF’s is also expected to encourage more retail investors to participate.

An investor can buy or sell ETF’s on a transparent exchange platform, at any point of time in the market hours, unlike an active mutual fund. ETF’s are cost effective and the STT (securities transaction tax) and managing fees are low. Nifty ETF for instance is a product in which investors can invest in small amounts and diversify their risk to build a mini portfolio, instead of buying individual stocks.

On NSE, ETF’s are available on the CNX Nifty index, on the PSU bank index, CNX 100, Junior Nifty and Bank Nifty, gold as well as international indices like NASDAQ 100 and Hang Seng index.

Press Release No. 2

Suspension of trading in the securities of the Ankur Drugs And Pharma Limited

The equity shares of Ankur Drugs And Pharma Limited will be suspended from trading w.e.f. September 11, 2013 (i.e. closing hours of trading on September 10, 2013) until further notice on the Capital Market Segment of the National Stock Exchange of India Limited for non- compliance with certain provisions of the Listing Agreement.

Notices were sent to the above company seeking reasons for non- compliance with certain provisions of the listing agreement. The company has failed to respond to the said notices of the Exchange. In view of this, the Exchange has decided to suspend trading in the equity shares of the company w.e.f. September 11, 2013 (i.e. closing hours of trading on September 10, 2013) till further notice.

It may also be noted that the Official Liquidator of Hon'ble High Court of Bombay, has informed the Exchange that, by an order dated 08-07-2013 passed by Hon'ble High Court of Bombay in C P No: 103 of 2012, Ankur Drugs And Pharma Limited shall be wound up and the Official Liquidator has been directed to take possession.

Press Release No. 3

Suspension of trading in the securities of Ashco Niulab Industries Limited, Crew B.O.S. Products Limited, Dhanus Technologies Limited, Koutons Retail India Limited, Polar Industries Limited, Spanco Limited and Taksheel Solutions Limited

The equity shares of following companies will be suspended from trading w.e.f. September 17, 2013 (i.e. closing hours of trading on September 16, 2013) until further notice on the Capital Market Segment of the National Stock Exchange of India Limited for non- compliance with certain provisions of the Listing Agreement.

· Ashco Niulab Industries Limited

· Crew B.O.S. Products Limited

· Dhanus Technologies Limited

· Koutons Retail India Limited

· Polar Industries Limited

· Spanco Limited

· Taksheel Solutions Limited

Notices were sent to the above companies seeking reasons for non- compliance with certain provisions of the listing agreement. The companies have failed to respond satisfactorily to the said notices of the Exchange. In view of this, the Exchange has decided to suspend trading in the equity shares of the aforesaid companies w.e.f. September 17, 2013 (i.e. closing hours of trading on September 16, 2013) till further notice.

Press Release No. 4

Security listed and admitted to dealings - JSWSTEEL

The following securities of JSW Steel Limited shall be listed and admitted to dealings on the Exchange w.e.f. September 10, 2013. Trading shall be in the Normal Market Segment - Compulsory Demat (Rolling Settlement) for all investors.

Sr. No.	Symbol	Series	Security Description	ISIN Code
1	JSWSTEEL	P2	0.01% Cumulative Redeemable Preference Shares of Rs. 10/- each issued pursuant to Scheme of Amalgamation and Arrangement	INE019A04024