Cambridge Technology issue oversubscribed
Hyderabad: Cambridge Technology Enterprises' (CTEL), public issue that closed on January 9 was subscribed by over 6 times. The company offered 63.15-lakh equity shares of Rs 10 each at a premium of Rs 38 to raise Rs 24 crore, according to a company statement.
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SQL Star to raise $20 million
Hyderabad: SQL Star International's board of directors has approved the company's plans to raise up to $20 million to fund its acquisition plan and for investments in the current lines of businesses, a company statement said. The company has identified some US-based companies for acquisition that fit in with its existing lines of business and negotiations are in an advanced stage.
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Kotak MF launches new debt scheme
Mumbai: Kotak Mahindra Mutual Fund has launched Kotak Wealth Builder I scheme, a close-ended debt scheme having a maturity period of 36 months. The structured product has been given a AAA (so) rating by CRISIL.

The scheme aims to generate income by investing in debt and money market instruments, and to generate capital appreciation by investing in equity derivatives. The new offer opened on January 2 and will close on January 31.

A significant portion of the corpus will be invested in AAA-rated debt instruments. The residual amount will be invested in equity derivatives to generate capital appreciation.
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IFCI to sell holding in ICRA
Mumbai: IFCI plans to sell its holding of 21 per cent along with eight per cent holding of the Specified Undertaking of UTI in rating agency ICRA through the latter's IPO. IFCI stock closed up 6.59 per cent at Rs 26.70 on on the NSE.
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BSE ties up with Reuters
Mumbai: Bombay Stock Exchange Ltd (BSE) has tied up with Reuters India Pvt Ltd to provide the Reuters Messaging (RM) facility for accepting all reported deals done in the corporate debt market in the country.

Indian Corporate Debt Market is the BSE platform for reporting corporate deals done in respect of debt for value of over Rs 1 lakh as prescribed by SEBI. The ICDM is currently being used by over 70 participants in the debt market, said a release from the BSE. The exchange has also tied up with Reuters for its Reuters Messaging System.
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SEBI removes ban on 3 broking houses
Mumbai: SEBI has removed the ban on opening of fresh demat accounts by Pravin Ratilal Share and Stock Brokers Ltd, Wellworth Share and Stock Broking Ltd and Dindayal Biyani Stock Brokers Ltd.

The capital markets regulator via its post hearing order in the matter of initial public offering investigations directed that, pending enquiry, the prohibition on opening fresh demat accounts by depository participants, and these brokerages need not continue.
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