News about Videocon Industries Limited

The media had reports that Videocon Industries Limited may spin off its myriad energy business into a separate 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 officials of the company.

Videocon Industries Limited has vide its letter inter-alia stated,”In this connection, we wish to clarify that in line with the recent amendments to the main object clause of Memorandum of Association of the Company; the Company proposes to adopt a structure for pursuing the new activities by creating activity wise verticals. It is proposed to have separate verticals for different lines of activities such as thermal, power, oil & gas, mining of natural resources including coal & renewable energy including solar energy. Further, though a strategic decision has been taken at the group level to compile all the current and proposed business interests of the Videocon group in power, oil and gas, coal, renewable energy in one or more SPVs wholly owned by Videocon Industries limited (VIL), the corporate action if required at VIL level such as demerger etc will be initiated and put through only in compliance with all the regulatory and statutory provisions and requirements.”

Add commentDecember 14th, 2007

NSE completes its 1961st Normal Settlement

The Exchange has successfully completed its 1961^st Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2007237 on December 14, 2007. The settlement statistics is as follows:         

Particulars	Values
	N – 2007238
Total traded quantity (lakhs)	8267.92
Total traded value (Rs. In Crores)	22246.83
Total value of the settlement (Securities) (Rs. In Crores)	6303.25
Total value of the settlement (Funds) (Rs. In Crores)	1535.29
Shortages for the settlement	0.40%
% of  Delivery ( No. of shares deliverable / No. of shares traded )	25.39%

 

Retail Debt Market have completed its 1235^th  settlements details of which is as follows:

Settlement No.	Traded Value	Settlement Value
		Securities	Funds
D- 2007238	NIL	NIL	NIL

Add commentDecember 14th, 2007

ICDM on 14th December 2007

Value of deals reported on ICDM on 14th December, 07, through ICDM System is = Rs. 85.41 Crs.

Number of deals reported : 22

Please find hereinbelow data on F&O turnover (one sided) for the trade date 14th Dec 2007.

1.) Sensex Futures = Rs 1105.72 crores.

2.) Total F&O Turnover = Rs 1105.72 crores.

All the above values represent one sided turnover.

Kalyan S. Bose

Corporate Affairs
Bombay Stock Exchange Ltd.

Add commentDecember 14th, 2007