NEST* RELEASE
NSDL LAUNCHES ITS WEB SITE
With a view to provide information about depository services to a large number of investors both in India and abroad and also to keep them posted about the latest developments at and updated information, NSDL has set up its own web site. The address of the site is www.NSDL.co.in.
As on July 1, 1998, 219 issuers have entered into agreements with NSDL to get their securities dematerialised. Amongst these, dematerialisation facilities are available for shares of 199 corporates.
Companies that have signed agreements recently are Apple Credit Corporation Limited, Krishna Texport Industries Limited, Greaves Ltd., Marico Industries Limited, Rhone Poulenc (India) Limited, Shree Krishna Polyester Limited, Shree Krishna Petro Yarns Limited and Zuari Industries Limited.
Equity shares of ITC Limited (R&T Agent: in-house) have been made available for dematerialisation since June 30, 1998. The other companies whose shares have recently been made available for dematerialisation are:
Ashok Leyland Ltd. |
Karvy Consultants |
Balrampur Chini Mills Ltd |
in-house |
Britannia India Ltd. |
Sharepro Services |
Cybertech Systems and Software Ltd. |
Intime Share Services Pvt. Ltd |
Krishna Texport Industries Limited |
Bigshare Services Pvt. Ltd. |
Manali Petrochemical Ltd |
Cameo Share Registry Ltd. |
Merind Limited |
Intime Share Services Pvt. Ltd |
Wockhardt Ltd. |
Computer Age Management Services Ltd |
Shree Krishna Polyester Ltd |
Bigshare Services Pvt. Ltd. |
Shree Krishna Petro Yarns Ltd |
Bigshare Services Pvt. Ltd. |
As on June 30, 1998, about 226 crore shares having a total value of more than Rs. 35,300 crore have been dematerialised. Dematerialisation, as a percentage of the market capitalisation, crossed 20% for the following companies:
1 |
Infosys |
61.23 |
2 |
IndusInd Bank |
60.03 |
3 |
Wipro |
57.92 |
4 |
ICICI |
37.86 |
5 |
Praj Industries |
35.38 |
6 |
RIL |
33.65 |
7 |
CRISIL |
33.07 |
8 |
HDFC |
32.93 |
9 |
BSES |
28.90 |
10 |
Malvika Steel |
27.80 |
11 |
Krishna Filaments |
26.55 |
12 |
Shree Cements |
23.62 |
13 |
Gujarat Ambuja Cement |
23.31 |
14 |
L & T |
22.41 |
15 |
Usha India |
21.54 |
16 |
Hindalco |
21.29 |
17 |
TISCO |
20.83 |
18 |
Grasim |
20.67 |
19 |
G E Shipping |
20.58 |
Mumbai
July 1, 1998
NEST=* National Electronic Settlement and Transfer