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March 24, 2014

 

Press Release No. 1

Commencement of trading of CNX Nifty futures on Osaka Securities Exchange

 

National Stock Exchange of India Limited is pleased to inform about the commencement of trading of CNX Nifty Futures from March 24, 2014 on Osaka Securities Exchange (OSE), a subsidiary of Japan Exchange Group (JPX). NSE and JPX had signed a letter of intent on January 10, 2013 on preparing for the launch of CNX Nifty Index futures. The CNX Nifty Index (Nifty 50) is the leading Indian benchmark index representing the Indian economy.

This CNX Nifty futures contracts will be Yen-denominated. The contracts will be available for trading in Day & Night sessions providing investors access to CNX Nifty futures for more than 16 hours including sufficient overlap with underlying market. The contract size will be CNX Nifty index multiplied by ¥100.

This is the first time that the retail and institutional investors in Japan will be able to take a view on the high growth Indian markets, in addition to current Nifty ETFs, in their own currency and in their own time zone. This new futures contract will provide Japanese investors a more efficient means to gain exposure to India-related asset classes and help in reaping the benefits of a globally diversified portfolio.

The detailed product specification can be accessed at the following link. http://www.ose.or.jp/e/derivative/7142

 

 

Press Release No. 2

Listing of Equity Shares of Media Matrix Worldwide Limited

 

The equity shares of the following company shall be permitted to trade and admitted to dealings on the Exchange w.e.f. March 26, 2014.

 

Sr. No.

Symbol

Series

Name of the Company

ISIN Code

1

MMWL

EQ

Media Matrix Worldwide Limited

INE200D01020

 

 

Press Release No. 3

News about Geometric Limited

 

The media had reports on Mar 21, 2014 that, "PE players eye Godrej Group's stake in the company.”

 

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.

 

Geometric Limited has vide its letter inter-alia stated, "The Company has not entered into any discussion with any PE firm or any other entity to change or modify its equity structure. We re-iterate it is not our policy to comment on market rumours or speculation."

 

 

Press Release No. 4

News about Tulip Telecom Limited

 

The media had reports on March 21, 2014 that “Tulip Telecom CMD arrested for alleged Rs 32 Crore service tax evasion".

 

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.

 

Tulip Telecom Limited has vide its letter inter-alia stated, “The Service Tax Department has detained our Chairman, Lt. Col. H.S. Bedi, for alleged evasion & delay in payment of service tax. The company has undergone significant liquidity pressures over the last 2 years and filed for CDR in December, 2012."

 

 

Press Release No. 5

Clarification by Monnet Ispat and Energy Limited

 

Significant price movement has been observed in Monnet Ispat and Energy 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.

 

Monnet Ispat and Energy Limited has vide its letter inter-alia stated, “There is no material development in the Company and the movement in price is attributable to the market function."