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Dematerialisation value crosses Rs.10,000 Crores
The total value of dematerialisation has crossed Rs 10,000, crores on 21st October 1997. This corresponds to a total of 55.7 crores of shares.
As on October 22, 1997, 129 issuers have entered into agreements with NSDL to get their securities dematerialised. Amongst these, dematerialisation facilities are available for shares of 105 corporates and trading facilities on the NSE are available for shares of 97 corporates. Companies which signed agreements recently are R P G Telecom Limited, Sundaram Clayton Limited and TVS Suzuki Limited. Equity shares of the following companies have recently been made available for dematerialisation:
| COMPANY | R&T AGENT |
| TVS Suzuki Limited | MCS Ltd. |
| K G Denim Limited | Coimbatore Capital Market Ltd. |
| Mangalore Refinery And Petrochemicals Ltd. | MCS Ltd. |
| Sundaram Clayton Ltd. | MCS Ltd. |
The equity shares of Atul Ltd., Otis Elevator Company Limited and Birla Global Finance Limited were made available for trading on 22 October.
With the addition of UTI securities the total number of active Depository Participants has reached 36.
In the recently concluded bonus allotment of Infosys Technologies Limited 33% were credited in the electronic form.
Goldman Sachs has endorsed the use of NSDL by its clients and one of its clients namely Ardsley Advisory Partners commenced dematerialisation in September 97. Thus Goldman Sachs became the first US entity to have endorsed the use of NSDL.
Mumbai
October 23, 1997