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Tata Mutual plans Multiple Yield Fund
Kolkata: Tata Mutual Fund is planning an open-ended income scheme that will offer separate plans to investors with different time horizons - short, medium and long.

Tata Multiple Yield Fund will mainly invest in debt and money market instruments, while moderate exposure will be given to equity and equity-related securities in various proportions. The fund will come with three plans, A, B and C.

Plan A will try to provide positive returns with low risk of capital loss over a short-to-medium time frame. Plan B and Plan C will aim at generating returns over medium and longer periods of time.

Equity allocation for the three plans can be up to a maximum 10 per cent, 25 per cent and 35 per cent respectively and the proportion of investment in money market instruments may be raised to 100 per cent of the resources available in order to attain the investment objectives and protect unit holders' interest, the offer document filed with SEBI has mentioned.
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Templeton's emerging markets fund invests in High Polymer
Kolkata: Templeton Strategic Emerging Markets Fund II LDC (TSEMF II) has invested US$10mn in High Polymer Labs (HPL), which manufactures polymer additives and specialty chemicals.

TSEMF II, which primarily invests in unlisted companies in emerging markets, is the second strategic equity fund managed by Templeton Asset Management and is a limited duration company incorporated in the Cayman Islands and is available only to institutions and sophisticated investors.

TAML is a subsidiary of Franklin Resources, Inc.

HPL's products have diverse applications, including in pharmaceutical intermediates, agrochemicals and water treatment, a press release issued here has mentioned, adding that the it's R&D centre has "gained recognition" from the Department of Scientific and Industrial Research of India.
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NCL Industries files for rights issue
Hyderabad: NCL Industries has filed the draft letter of offer with the Securities and Exchange Board of India for the proposed rights issue of Rs23.53 crore. The rights issue is to part finance the growth plans of the company estimated at Rs68.22 crore.

The company is setting up a 50,000 tonnes per annum cement bonded wood particle boards facility at Ponta Sahib in Himachal Pradesh and is also planning to set up a 3.15-lakh tonnes per annum capacity cement grinding unit at Kondapally near Vijayawada.

NCL is also expanding its clinker capacity from the existing 2.97 lakh tonnes per annum to 5.94 lakh tonnes per annum at Mettapalli here as an energy efficiency and conservation project.
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Lime Chemicals allots 4.50 lakh shares to Duke Special
Mumbai: Lime Chemicals has allotted 4.50 lakh equity shares on a preferential basis to Duke Special Opportunities Fund, LLC.

Duke Special Opportunities is managed by Duke Equity Partners Inc.
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