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No. of companies at NSDL crosses 100!
As on August 4, 1997, 102 issuers have entered into agreements with NSDL to get their securities dematerialised. Amongst these, dematerialisation facilities are available for shares of 72 corporates and trading facilities are available for shares of 61 corporates. Companies which signed agreements recently are Tamilnadu Petroproducts Ltd., Wipro Ltd., Binani Industries Ltd., Isibars Ltd. and Krishna Filaments Ltd.
Alongwith signing the agreement with NSDL, Krishna Filaments Ltd. have also decided to make the one-time payment to NSDL which will enable NSDL not to levy custody charges to the DPs. The Dhampur Sugar Mills Ltd. have also opted for this "one-time payment scheme" thus bringing the total no. of companies who have opted for this scheme to five. During last week, equity shares of the following companies have been made available for dematerialisation :
| COMPANY | R&T AGENT |
| Isibars Ltd. | Intime Share Services Pvt. Ltd. |
| Binani Industries Ltd. | MCS Ltd. |
| Krishna Filaments Ltd. | Intime Share Services Pvt. Ltd. |
| Shree Cements Ltd. | Karvy Consultants Ltd. |
| Indian Rayon Industries Ltd. | MCS Ltd. |
Trading in the mutual fund units of Morgan Stanley Growth Fund will commence from Wednesday, August 6, 1997 on the NSE.
The value of securities dematerialised in the past two weeks increased by Rs.1,138 crore, thus making the total value of dematerialised securities at NSDL to Rs. 6,626 crore. (US$1.9 bn.). The total value of securities rematerialised so far is Rs. 93 lakh.
Dematerialisation in Hindalco Industries Ltd. as a percentage of its market capitalisation has crossed 10%. The other companies who have crossed the 10% mark already are ICICI, RIL and GSFC.
The top three companies traded in the BE segment during the last week were RIL, ICICI and GE Shipping and had a trade volume of 22430 shares, 13537 shares and 2010 shares respectively.
Mumbai
August 4, 1997