June 09, 2014

Press Release No. 1

NSE holds SME conference in Bhubaneswar

Bhubaneswar: June, 09, 2014 - India’s leading stock exchange, the National Stock Exchange, today organised a conference in Bhubaneswar to educate small and medium sized companies in the region on the opportunities available for them to raise capital. NSE officials spoke about the benefits of raising capital through EMERGE, NSE’s trading platform for SMEs that enables these companies to list and raise fund to finance their growth.

Mr. Ravi Varanasi, Chief-Business Development, NSE, said, “Through EMERGE, we are bringing together growth companies and risk investors in a well regulated environment, enabling both sides to benefit from the discipline and transparency, to create a virtuous cycle facilitating flow of risk capital to growth companies’’.

The EMERGE platform provides a good opportunity for companies, who face constraints in raising capital, by bringing together fast growing companies with a pool of investors, who want to invest in credible and high growth companies and start-ups. Small and medium companies often find it difficult to raise money to fund their growth.

There are some good quality companies that are already trading on EMERGE. Many of these companies have been able to use the capital raised to expand their businesses, create value for their shareholders by issuing dividends and bonus shares and take their companies to global markets through partnerships.

Bhubaneswar has emerged as a fast-growing commercial hub in Eastern India, and is home to a large number of SMEs. It has the highest rate of employment growth among the Tier II cities, and has been listed as one of the top ten emerging cities in the country. It is a major tourist destination, and of late, has attracted many large IT companies to set up base in the city.

The SME Conference was attended by more than 50 SMEs from sectors like engineering, mining, electrical, and hospitality. Mr. Ravi Varanasi, Chief Business development, NSE, Mr. Panchanan Dash, Secretary, Micro, Small & Medium Enterprises Department, Government of Odisha, Mr. P.K. Mishra, Assistant Director, MSME-Development Institute and Mr. Subhransu S Acharya, DGM, SIDBI addressed the SME’s at the Conference.

NSE officials also shared information on EMERGE-ITP, NSE’s Institutional Trading Platform where SMEs can list cost effectively without a public offer and can raise funds through private placements and rights issues. Listing on the ITP provides higher visibility and credibility to a company. ITP connects growing businesses with sophisticated investors like private equity funds, venture capital funds and institutions looking to invest in early stage ventures. Since the platform allows companies to come in without an IPO, many young companies see this as an attractive and cost effective way to raise money.

Press Release No. 2

News about Nectar Lifesciences Limited

The media had reports that "Nectar Life Put on Sale. Promoters Eye 20-25 % Premium".

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Nectar Lifesciences Limited has vide its letter inter-alia stated, “We have not been informed or are aware on the rumored stake sale by Promoters of the Company."

Press Release No. 3

Market-wide Position Limit in UNITECH

The derivative contracts in the underlying UNITECH have crossed 95% of the market-wide position limit on June 09, 2014. It is hereby informed that all clients/ members shall trade in derivative contracts of UNITECH by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Press Release No. 4

Suspension of trading in the equity shares of Lloyds Finance Limited & Micro Technologies (India) Limited

Suspension of equity shares of Lloyds Finance Limited & Micro Technologies (India) Limited: Lloyds Finance Limited has informed the Exchange that the Hon’ble High Court of Bombay has ordered the Company to be wound up and has appointed Official Liquidator.

Micro Technologies (India) Limited has informed the Exchange that, the Company has received a Notice from Ministry of Corporate Affairs about the appointment of Provisional Liquidator by the Hon’ble High Court of Mumbai.

In view of the above, the equity shares of Lloyds Finance Limited and Micro Technologies (India) Limited will be suspended from trading w.e.f. June 17, 2014 (i.e. closing hours of trading on June 16, 2014) until further notice on the Capital Market Segment of the National Stock Exchange of India Limited.