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The press had reports that Chambal Fertilizers & Chemicals Limited has paid $4m to increase its stake in Novasoft, a $25m US-based software company, to 90% from 33%.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Chambal Fertilizers & Chemicals Limited has vide its letter inter-alia stated, "We had intimated the Stock Exchange in November 2001 that our Company planned to invest from time to time US$ 6 million in the first phase to acquire 51% or more stake in NovaSoft Information Technology Corporation. Pursuant to the Agreements signed between the parties, our Company has invested US$ 4 million till date against the proposed first phase investment of US$ 6 million and acquired 90% (approx) stake in this company."
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The Exchange has successfully completed its 834th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2003119 on June 25, 2003. The settlement statistics are as follows :
| Particulars |
Values |
| |
N - 2003119 |
| Total traded quantity (lakhs) |
2346.04 |
| Total traded value (Rs. In Crores) |
2636.97 |
| Total value of the settlement (Securities) (Rs. In Crores) |
602.06 |
| Total value of the settlement (Funds) (Rs. In Crores) |
184.06 |
| Shortages for the settlement |
0.49% |
| % of Delivery ( No. of shares delivered / No. of shares traded ) |
29.80% |
Retail Debt Market has completed its 108th settlement, details of which are as follows :
| Settlement No. |
Traded Value |
Settlement Value |
| |
|
Securities |
Funds |
| 2003119 |
NIL |
NIL |
NIL |
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