June 18, 2015

Press Release No. 1

NSE pledges to transform students in 15000 CBSE schools across India

· The first set of teachers training receives huge response

Over 200 school principals have confirmed their participations in a workshop to start a new chapter in Indian school education. India’s leading stock exchange, National Stock Exchange of India (NSE) has joined hands with Central Board of Secondary Education (CBSE) to give young students of class IX and X, their first formal lessons in the world of finance.  This is the first of its kind workshop in India.

With the first batch of teachers’ training happening on 20 June 2015, the program is expected to cover around 15000 schools under CBSE from July 2015. The course – Financial Market Management (FMM) – is aimed at empowering a person to take informed judgments and decisions regarding the use and management of money. “NSE is partnering with CBSE to transform the future of our students. The course will help to spread financial literacy which will create stronger roots and will ultimately transform India as strong economic super power”, said Ms Chitra Ramkrishna, MD & CEO, NSE. The first batch of teachers will undergo the training at NSE headquarter in Mumbai.

CBSE is introducing Financial Market Management as a vocational course under National Skills Qualification Framework (NSQF) at Level I & Level II for class IX & X for session 2015-16. “Ministry of Human Resource Development, Govt. of India is laying great emphasis on skill and competency development. Accordingly, in future all employment will be related to acquiring qualifications as per NSQF. This is going to be a major game changer”, said Dr M.V. V. PRASADA RAO, Director, CBSE in a communication to CBSE schools. Innovations in teaching-learning methodologies by devising students friendly and students centered paradigms is one of the focus of the country’s leading education board – CBSE. Today, CBSE affiliated schools are present in about 25 countries.

The syllabus for the course includes a wide array of topics starting from evolution of money to budgeting. Once completed, NSE and CBSE will issue a joint certificate. Apart from class room lectures, students will get a feeling of web based modules as part of their practical sessions, spread over 60 hrs. Apart from becoming a responsible citizen, the vocational course will also help students to vertically aim at higher level courses related to financial markets. NSE has tie-ups with several universities and institutes for different market related courses.

Press Release No. 2

NSE to list India’s first smart beta ETF based on IISL's NV20 Index

A new investment destination for retail and others

A new exchange traded fund (ETF) is on the anvil. As a pre cursor to the new ETF listing, India's leading stock exchange – NSE, will start disseminating the value of NV20 live on its terminal from Monday, 22 June 2015.

The live real time value will be available in NSE's Futures & Options segment on its trading terminal. Currently the index value is computed only once at the end of the day.

The Index NV20 is designed to reflect the behaviour and performance of a diversified portfolio of value companies forming a part of CNX Nifty Index. It consists of the 20 most liquid value blue chip companies listed on NSE. The NV20 Index has been computed historically from January 01, 2009.The NV20 Index provides exposure to 8 broader sectors of the economy. Apart from forming an ETF, the Index can be used for a variety of other purposes such as benchmarking fund portfolios, issuance of index funds and structured products.

Infosys, ICICI Bank and Reliance Industries are the top 3 weighted companies in the index. "Stocks are selected on the basis of value parameters like Return on Capital Employed (ROCE), Price to Earning (PE) ratio, Price to book value (PB) ratio and Dividend yield (DY). Since the base of the Index is CNX Nifty, which is the benchmark index of India, only large & liquid value companies form part of NV20 Index", said Mr Mukesh Agarwal, CEO, IISL. For NV20, beta- which is a measure of volatility or systematic risk, is less than 1 for a tenure of greater than 1 year.

The NV20 Index has given around 15% return in last 5 years and about 20% return in last 3 years (theoretically computed).

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 Jun 18, 2015. 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

News about Castex Technologies Limited

The media had reports that "Castex Technologies Limited facing trouble with $70m FCCB issue”

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.

Castex Technologies Limited has vide its letter inter-alia stated, “We would like to inform you that the FCCB's issued by the Company are due for repayment in Sep 2017. No FCCB's have matured for repayment & there are no defaults on any FCCB's issued by the Company News item suggesting trouble with bond holders is not correct & non- factual. The Company has been reporting all the significant & material information to the exchanges.”

Press Release No. 5

News about Amtek Auto Limited

The media had reports that “Amtek Auto Limited facing trouble with $70m FCCB issue”

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.

Amtek Auto Limited has vide its letter inter-alia stated, “We would like to clarify that the company has not issued FCCB of US $70 million. This statement is factually not correct. The Company has been reporting all the significant & material information to the exchanges.”

Press Release No. 6

Clarification by S.E. Investments Limited

Significant price movement has been observed in S.E. Investments 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.

S.E. Investments Limited has vide its letter inter-alia stated, “There is no event, information, announcement in relation to the performance of the company, which in our opinion may have bearing on the price behaviour of the Company's scrip.”

Press Release No. 7

Clarification by Reliance Industrial Infrastructure Limited

Significant volume movement has been observed in Reliance Industrial Infrastructure 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.

Reliance Industrial Infrastructure Limited has vide its letter inter-alia stated, “There is no material development in the Company in the recent past which require communication in this regard to the Stock Exchanges pursuant to Clause 36 of the Listing Agreement.”