NSE Circulars regarding Corporate action in the security Central Bank Of India (CENTRALBK)#Rights ratio : 3:5 Ex-date : March 17, 2011 The revised market lot 1176.

NSE  Circulars regarding Corporate action in the security Central Bank Of India (CENTRALBK)  are submitted herewith for your ready reference and perusal please.


Rights ratio : 3:5

Ex-date : March 17, 2011

FAO: Revised Market Lot would be:1176

Extract of the circular:

 Corporate action: Central Bank Of India has informed the Exchange that the Committee of Directors of the Bank constituted for the Rights Issue, in its meeting held on March 08, 2011 approved issue of equity shares on rights basis in the ratio of 3(Three) Equity Shares for every 5 (Five) Equity Shares as on Record Date. The issue price per equity share is Rs.103.00 (inclusive of premium of Rs. 93.00) per equity share. Further, the Company has fixed March 18, 2011 as the Record Date for the purpose of deciding the shareholders who are eligible to apply for Equity Shares on rights basis in the proposed issue.

Kindly verify the FAO C/F positions before placing orders in CENTRALBK on Ex Date: 17.03.2011 and refer to the circulars.

The Primary Market for IPO: PTC INDIA FINANCIAL SERVICES LTD., is open.# Issue Period March 16, 2011 to March 18, 2011#Price Range: Rs. 26.00 to Rs.28.00# Mkt Lot: Market Lot:250 Shares

Kindly note: The Primary Market for IPO: PTC INDIA FINANCIAL SERVICES LTD., is open.

Ø  The issue period is: Mar 16, 2011 to Mar 18, 2011

Ø  Price Range: Rs. 26.00 to Rs.28.00

Ø Market Lot: 250 Shares

Symbol – Series PTFS EQ
Issue Period Mar 16, 2011 to Mar 18, 2011
Post issue Modification Period Mar 19,2011
Issue Size Public issue of 156,700,000 Equity Shares Of Rs 10/- Each.(including Anchor Portion of 23,505,000 equity shares)
Issue Type 100% Book Building
Price Range Rs.26 to Rs.28
Face Value Rs.10/-
Tick Size Re. 1/-
Market Lot 250 Equity Shares
Minimum Order Quantity 250 Equity Shares
Maximum Subscription Amount for Retail Investor Rs.200000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Manager SBI Capital Markets Limited,JM Financial Consultants Private Limited,ICICI Securities Limited,Almondz Global Securities Limited
Co-Book Running Lead Manager Avendus Capital Private Limited
Syndicate Member SBICAP Securities Limited,Reliance Securities Limited,Avendus Securities Private Limited
Categories FI,IC,MF,FII,OTH,CO,IND,and NOH
No. of Cities with Bidding Centers 47
Name of the registrar Karvy Computershare Private Limited
Address of the registrar Plot No. 17 to 24, Vithalrao Nagar Madhapur,Hyderabad 500 086,Andhra Pradesh, India
Contact person name number and Email id Mr. Murali Krishna, Tel: +91 40 2342 0815-0820 Fax: +91 40 2342 0814,einward.ris@karvy.com


Date: 17 March 2011

Thought for the day

“You will never do anything in this world without courage. It is the greatest quality of the mind next to honour. ”
– James Allen


1)IN the backdrop of nuclear mishap in Japan due to tsunami, India’s top atomic scientists on Wednesday briefed Prime Minister Manmohan Singh on safety of nuclear installations in the country.
Indian Express


2)The government is set to pave the way for introduction of interest rate futures in the corporate bond market. This is to support the initiatives proposed in the budget for boosting corporate fund raising for the infrastructure sector through this route.


3)Mumbai-based Jyothy Laboratories has acquired a 14.9% stake in Henkel India from Tamil Nadu Petro Products (TNPL) for Rs 60.73 crore in an all-cash deal. The deal makes Jyothy the largest Indian shareholder in the struggling Indian arm of Germany’s Henkel AG.

4)IVRCL Infrastructure & Projects Ltd (IVRCL) has announced that it has bagged several orders valued at Rs 564.62 crore, which includes two orders from Power Grid Corporation of India Ltd, worth Rs 359.61 crore. According to a statement filed with the stock exchanges, the orders include residential project in Nagpur and from a pellet plant in Karanatka from NMDC Ltd.


5)The rupee gained for the second day this week as stock exchange data showed overseas investors increased holdings of the equities
this month for the first time since December. The local currency appreciated 0.3% to 45.1175 per dollar in Wednesday’s trade.

6)With inflation for February coming in at a shocking 8.3% compared with a consensus estimate of 7.8%, the Reserve Bank of India(RBI) has virtually no option but to raise key policy rates, by at least 25 basis points each, at its monetary policy review meeting on Thursday.

7)Non-banking financial companies(NBFCs) are well-positioned to establish a stronger presence in the retail finance space and match the nonmortgage retail lending portfolio of banks by March 2013, according to CRISIL. In March 2010 NBFCs had a share, in retail finance, of close to 38%, up from 26% three years ago. That implies that banks have been losing share in the space.

8)India’s largest mortgage lender, Housing Development Finance Corporation(HDFC), has been included by New York’s Ethisphere Institute in its list of the world’s most ethical companies. HDFC is the only Indian company in the list.


9)With medical insurance portability becoming a reality from July 1, customers will be rejoicing as they can switch their insurance company. However, insurers are unsure if the transition will be smooth.


10)The benchmark stock index rebounded from its biggest drop in more than two weeks as Asian shares climbed for the first time since Japan’s record earthquake triggered a nuclear accident. Tata Power Co rose 1.3 per cent. SBI advanced the most in a month. Reliance Infra surged 5.2 per cent to its highest level in three weeks. The BSE Sensex gained 191.05, or 1.1 per cent, to 18,358.69 at the 3:30 p.m. close in Mumbai. The S&P CNX Nifty Index on the National Stock Exchange added 1.1 per cent to 5,511.15, while its March futures settled at 5,529.15. The BSE 200 Index rose 1.2 per cent to 2,257.69.


11)The government is all set to begin its disinvestment programme for the next fiscal with Power Finance Corporation, which may file its regulatory papers with market regulator Sebi for the 20% follow-on public offer (FPO) later this week.


12)The rights issue of EIH seems to have sailed through with the majority of shareholders subscribing to the issue, as expected. Major shareholders such as Reliance Investments and Holdings Pvt Ltd and Mr Analjit Singh, Chairman of Max India, appeared to have picked up their share of the
rights issue.


13)Goldman Sachs Asset Management on Wednesday said it agreed to buy Benchmark Asset Management Company, making an entry into India’s crowded and fiercely competitive mutual fund (MF) space. The deal value, which was not disclosed officially, could be about Rs 120-130 crore, persons familiar with the matter said. This values Benchmark Asset Management Company at about four per cent of its assets under management of about Rs 2,935 crore as of December 31,2010. The transaction was expected to close later in the year, subject to regulatory approvals, Goldman Sachs said.


14)Oil rose as protests in Bahrain added to Middle-East tensions, leading gains in commodities, and stocks rebounded in Japan. European shares and US index futures fluctuated and the euro weakened. Brent crude rallied above $111 a barrel in London, gaining for the first time in five days, and copper increased.

15)Gold gained in London as some investors bought the metal after its drop to the lowest level in almost a month and as violence in Bahrain and the aftermath of Japan’s earthquake spurred demand for a protection of wealth. Immediate-delivery bullion rose $6.13, or 0.4 per cent, to $1,401.82 an ounce at 11:40 a.m. in London.

16)Copper rose to a one-week high in New York on speculation that industrial metals’ demand will increase. Copper for May delivery added to $4,248 a pound at 8:55 a.m. on the COMEX. Copper for three-month delivery climbed to $9,334 a tonne on the LME.


17)Even as the market is hotting up with reports of large Indian IT companies showing interest in Nasdaq-listed BPO firm EXL Service for a stake buyout, its 60-year-old founder and chairman Vikram Talwar says he is in no mood to sell, and pure play BPO services are going to be the focus of the business.


18)Amid concerns over radiation threat in tsunami-hit Japan, HCL Technologies said on Wednesday that its senior officials would travel to Japan “over the next few days”, to extend on-ground support to employees.


19)Japan’s nuclear crisis appeared to be spinning out of control on Wednesday after workers withdrew briefly from a stricken power plant because of surging radiation levels and a helicopter failed to drop water on the most troubled reactor.

FOR THE DAY (17-03-2011)

The indices are expected to open on a negative note in response to the weak global cues. Trade short in Nifty below 5480 levels with stop loss placed at 5510 targeting 5450‐5430 levels. Alternatively, trade long if Nifty managed to hold above 5510 with stop loss placed at 5480 targeting 5530‐5550.

Today’s Levels (17-03-2011)

Today’s Levels

(Last Close : Sensex 18359 : Nifty Spot 5511)

Trade short if Sensex fails to sustain above 18359 (Nifty 5511)

[Downside targets/supports at 18263(5476)/18120(5450) or lower]

Trade long if Sensex sustains above 18120 (Nifty 5450)

[Upside targets/resistances at 18263(5476)/18359(5511) or higher]