March 25, 2014

Press Release No. 1

NSE Organises Seminar to Empower Small Companies in Ranchi

March 25, Ranchi: India’s leading stock exchange, the National Stock Exchange (NSE) and the Federation of Jharkhand Chamber of Commerce & Industries (FJCCI) organised a conference in Ranchi, one of the fastest growing cities in India and home to a large number of small and medium enterprises (SMEs), to spread awareness on how these companies can tap the capital market to raise money to meet their funding requirement.

More than 50 small and medium companies from diverse sectors including metals and chemicals, agro-products, automobile ancillary, ceramic and plastic took part in the seminar, where senior NSE officials shared information on NSE’s Emerge platform, where SME’s can list and raise capital for their business requirements. Most small and medium enterprises are constrained because of lack of availability of risk capital and Emerge is a good opportunity for these companies, because it brings together fast growing companies with a pool of investors, who want to invest in credible and high growth companies and start ups.

NSE’s SME platform Emerge symbolises the aspirations of a large number of entrepreneurs, actively participating in the India growth story and NSE has adopted the best global practices followed across the world, to establish a credible and efficient Exchange for such entrepreneurs.

There are some good quality companies that are already trading on Emerge and a large number of private equity, venture capital companies and angel groups are investing in these small enterprises. 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.

NSE’s Chief Business development, Mr. Ravi Varanasi said, “We have been handholding companies to help them reach a stage where they can list on Emerge, our platform for small and medium enterprises. We have created an environment where investors have the confidence to invest in the high growth companies and the companies are able to create a better valuation for themselves and negotiate domestic and international deals more effectively.”

NSE encourages companies to offer higher standards of corporate governance which helps companies in the growth stage as well as nudge them to go for voluntary grading by credit agencies, to give more confidence to investors. Companies’ don’t have to go to the regulator to get permissions for listing and the exchange performs all the due diligence.

A World Bank report on ‘Doing Business in India 2009', ranked Ranchi ninth, for the ease of doing business. Known as the ‘Manchester of the East’ because of its abundant mineral resources, Ranchi accounts for nearly 18 percent of the national mineral output, and has seen rapid growth in industry, making it an integral part of Jharkhand’s industrial map along with the steel cities of Jamshedpur and Bokaro. However, lack of awareness on raising funds through the stock market has emerged as a challenge for the smaller companies.

NSE also offers an SME platform for companies which want to list cost effectively, without going through a public offer, called the Emerge Institutional trading platform. While companies cannot raise capital on this platform, they can go in for rights issues and can divest stake to institutions.

Mr. Dipankar Panda, Director Industries, Government of Jharkhand said, "NSE's initiative of introducing the EMERGE platform will immensely help the SME's of Jharkhand in their efforts to raise capital. Getting listed in EMERGE will also give them credibility at a national level. The entrepreneurs of Jharkhand should take advantage of this opportunity that NSE has brought to them.”

The Federation of Jharkhand Chamber of Commerce & Industries (FJCCI), and Jharkhand Small Industry Association (JSIA) said that if small and medium scale industries are to develop into large scale industries, they must be informed about the opportunity to raise funds through the EMERGE platform of NSE.

Mr. Bikash Kumar Singh, President, FJCCI, said “This initiative taken by NSE is praiseworthy, and I request entrepreneurs to benefit from the opportunities offered by EMERGE and grow their businesses to a national level.”

Mr. Arun Khemka, President of JSIA, said, “Small and medium level companies in this state felt insecure and helpless because of lack of capital. This initiative on the part of NSE has brought forth a new ray of hope, and hence, they would now be able to proceed towards multi-level progress.”

NSE conducts many seminars all over the country, particularly where there is a concentration of SME’s, to create awareness about the opportunities available on the Emerge platform for SME’s.

Press Release No. 2

Clarification by BEML Limited

Substantial increase in trading volumes have been observed in BEML 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.

BEML Limited has vide its letter inter-alia stated, “There is no specific events/information from Company's side for the significant increase in trading volumes in our scripts."

Press Release No. 3

News about BF Utilities Limited

The media had reports that Mulling Merger of Nandi Infra Corridor with BF Utilities.

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.

BF Utilities Limited has vide its letter inter-alia stated, “The 13th Annual General Meeting of BF Utilities Ltd. was held on 24th March, 2014 in Pune. During the Annual General Meeting, a presentation was made on the working of the Company and its Subsidiary- Nandi Economic Corridor Enterprises Ltd. (NECE).

Shareholders asked questions about the operations of the Company and NECE, they expressed their views and also made certain suggestions for enhancement of shareholders value.

During such discussions, and replies, a suggestion was made for corporate restructuring of the Company and NECE. Respecting the views of shareholders, it was felt that the Company should consider looking into all such possibilities and appoint Merchant Bankers/ experts to evaluate the same. After receiving their feedback the Board may consider such suggestions.

The Company will share necessary information from time to time in this regards with the Stock Exchanges as per the Listing Agreement as and when such decision on restructuring is taken."

Press Release No. 4

News about Jindal Stainless Limited

The media had reports that JSL to demerge existing business.

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.

Jindal Stainless Limited has vide its letter inter-alia stated, “The news item is speculative in nature and the Company has no role in the same. Further, the Company is not aware of any information, which could explain the movement in trading of the Company's shares that has not been announced to the Stock Exchanges."

Press Release No. 5

Listing of Secured Redeemable Non Convertible Tax Free Bonds in nature of Debentures of National Housing Bank

The following Secured Redeemable Non-Convertible Tax Free Bonds of National Housing Bank shall be listed and admitted to dealings on the Exchange w.e.f. March 26, 2014. Trading shall be in the Normal market segment (Rolling Settlement) for all investors.

Sr. No.	Symbol	Issue description	Series	ISIN Code
1	NHBTF2023	8.25% Secured Redeemable Non-Convertible Debentures Tax Free Bonds Tranche II Series 1 A	N2	INE557F07140
2	NHBTF2023	8.68% Secured Redeemable Non-Convertible Debentures Tax Free Bonds Tranche II Series 2 A	N3	INE557F07157
3	NHBTF2023	8.65% Secured Redeemable Non-Convertible Debentures Tax Free Bonds Tranche II Series 3 A	N4	INE557F07165
4	NHBTF2023	8.50% Secured Redeemable Non-Convertible Debentures Tax Free Bonds Tranche II Series 1 B	N5	INE557F07173
5	NHBTF2023	8.93% Secured Redeemable Non-Convertible Debentures Tax Free Bonds Tranche II Series 2 B	N6	INE557F07181
6	NHBTF2023	8.90% Secured Redeemable Non-Convertible Debentures Tax Free Bonds Tranche II Series 3 B	N7	INE557F07199

Press Release No. 6

Market-wide Position Limit in HDIL & IBREALEST

The derivative contracts in the underlying HDIL & IBREALEST have crossed 95% of the market-wide position limit on March 25, 2014. It is hereby informed that all clients/ members shall trade in derivative contracts of HDIL & IBREALEST by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.