document.writeln("
Reliance
Mutual to launch Arbitrage Advantage fund
Kolkata: The Reliance Mutual Fund has lined up the
Reliance Arbitrage Advantage Fund, a scheme that will
invest in a combination of equities, derivatives, debt,
and money market instruments. The scheme will be offered
to investors with three plans, each with a growth and
a dividend option.
The first (Plan A) will try to provide capital appreciation
and income generation by allocating mainly to debt and
the rest in equity and equity-related securities including
derivatives.
Plan B and Plan C will seek to furnish capital appreciation
and income generation by investing in equity and equity-related
securities, including derivatives, and the balance in
debt securities.
According to the offer document filed with SEBI, the fund
may use various derivative products from time to time
for the purpose of hedging and portfolio rebalancing.
The Crisil Liquid Fund Index has been selected as the
benchmark index.
All the plans would look for arbitrage opportunities in
the equity market by investment in instruments like futures
and options. The equity exposure will be hedged in the
futures and options market to earn the positive cost of
carry/arbitrage.
Back
to News Review index page
Ramco
Systems to hike share capital
Chennai: Ramco Systems Ltd has informed the National
Stock Exchange that its board of directors has approved
an increase in the authorised share capital of the company
from Rs15 crore, comprising 1.5 lakh equity shares of
Rs10 each, to Rs30 crore, comprising three crore equity
shares of Rs10 each.
The board has given its approval in view of the proposed
issue of equity shares on rights for an amount not exceeding
Rs75 crore.
An extraordinary general body meeting of the company has
been convened on July 22 to seek the approval of the shareholders.
Back
to News Review index page
IL&FS
IPO at price band of Rs.110-125
Mumbai: IL&FS Investsmart Ltd is entering the
capital market with an IPO, which is slated to open on
July 4 and will close on July 8.
A company release said the price band for the public offer
has been fixed at Rs110 to Rs125 for equity shares of
Rs10 each. The company has opted for the 100 per cent
book-building route.
The IPO consists of 11.4 million shares, comprising a
fresh issue of 8.8 million shares and the balance will
be by way of an offer for sale.
Back
to News Review index page
