Home  :  About Us  :  Press Releases

NEST* RELEASE
TRADING IN DEMATERIALISED SHARES COMMENCES ON BSE

Bank of India Shareholding Ltd. (BOISL), which is the clearing house of the stock exchange, Mumbai (BSE) has been admitted as a participant on the depository for clearing and settling trades in the dematerialised segment of the BSE. Trading in the dematerialised segment of the BSE commenced today.

NSDL has successfully completed the change of ISINs for the securities that are admitted for dematerialisation. This is in accordance with SEBI's decision to create separate ISINs to identify the physical and electronic holdings of the same security.

As on December 29, 1997, 162 issuers have entered into agreements with NSDL to get their securities dematerialised. Amongst these, dematerialisation facilities are available for shares of 125 corporates and trading facilities on the NSE are available for shares of 111 corporates.

Companies that signed agreements recently are Jammu and Kashmir Bank Ltd. and Coromandel Fertilisers Ltd. (R&T agents: Karvy Consultants Ltd.). Equity shares of The Steel Authority of India Ltd. have been made available for trading on the electronic segmen

During the week ended December 27, 1997, Dena Bank joined NSDL as the 39th Depository participant. Currently, these 39 depository participants are offering depository facilities at about 140 service centres all over the country.

Tata Mutual Fund has announced that they will dematerialise 100% of their holdings in the securities announced by SEBI for the Jan 15 deadline.

Mumbai
December 29, 1997