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March 13, 2014

 

Press Release No. 1

CPSE index values to be disseminated real time from 18th March

 

Government of India’s proposed CPSE ETF to be based on CPSE index

 

The India Index Services & Products Ltd. (IISL) has constructed the CPSE Index, which consists of stocks of 10 prominent central public sector enterprises. The index values will be disseminated to the market on a real time basis from the 18th of March, 2014. The Government of India plans to disinvest some of its stake in the 10 stocks which are part of the index, through a new fund offer for an exchange traded fund (ETF) on the CPSE index. As a part of its effort to deepen the financial market, NSE has been actively engaged with the government and market participants to create awareness on the CPSE Index and CPSE ETF for giving the Government’s initiative the right push. 

 

The CPSE index includes 10 prestigious public sector enterprises of the government. They are the Maharatnas Coal India Limited, GAIL (India) Ltd, Oil & Natural Gas Corporation Ltd, Indian Oil Corporation Ltd; Navratnas Bharat Electronics Limited, Oil India Ltd, Power Finance Corporation Ltd & Rural Electrification Corporation Ltd and Miniratnas Container Corporation of India Limited and Engineers India Limited.

 

The base date for the CPSE index is 1st January, 2009 and it has a base value of 1000. The 10 stock index provides representation to six sectors of the economy The weightage of each stock in the index is capped at 25%. The weights of index constituents shall be re-aligned every quarter.

 

The CPSE Index constituents have:

 

·         More than 55% government holding (stake via Govt. of India or President of India) under promoter category

·         Average free-float market capitalization of more than 1000 Cr. for six month period ending June 2013

·         Paid dividend of not less than four per cent including bonus for the seven years immediately preceding or for at least seven out of the eight or nine years immediately preceding are considered as eligible companies as on cut-off date i.e. 28-Jun-2013.

 

All the constituents of CPSE Index are listed on National Stock Exchange of India Ltd.

 

ETFs are low cost, low risk and well diversified equity products, through which retail investors can invest in equity based products cost effectively.  The CPSE ETF based on the CPSE Index will give investors an opportunity of cost-efficient investment in blue chip public sector companies across sectors.

 

Exchange traded funds have grown tremendously in the last few years in India and assets under management, have gone up from Rs 1396 crores in March 2009 to Rs 11,807 crores in September 2013.

 

Detailed index methodology and latest index fact sheet of CPSE index are available on www.nseindia.com.

 

 

Press Release No. 2

Clarification by Den Networks Limited

                                                                           

Substantial increase in trading volumes has been observed in Den Networks Limited.

 

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

 

Den Networks Limited has vide its letter inter-alia stated, “There is no material events/material information etc., which are not in public domain that may have a bearing on the price or volume behavior of the Company's scrip."

 

 

Press Release No. 3

Recommencement of trading pursuant to Scheme of Arrangement involving reduction of share capital - Castrol India Limited

 

The trading in equity shares of Castrol India Limited shall be recommenced on the Exchange pursuant to Scheme of Arrangement involving reduction of share capital w.e.f. March 14, 2014.

 

Sr. No

Symbol

Series

Name of the Company

ISIN Code

1

CASTROLIND

BE*

Castrol India Limited

INE172A01027

 

 

*Currently the securities shall be available for trading in Series 'BE' and subsequently be shifted to Series 'EQ' as per SEBI circular no. SEBI/Cir/ISD/1/2010 dated September 2, 2010

 

 

Press Release No. 4

Listing of Equity Shares of Som Distilleries & Breweries Limited

 

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. March 18, 2014. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.

 

Sr. No.

Symbol

Name of the Company

ISIN Code

1

SDBL

Som Distilleries & Breweries Limited

INE480C01012