Reliance Telecom Infra to list
Mumbai: Reliance Telecom Infrastructure (RTIL), a subsidiary of Reliance Communications, engaged in setting up telecom towers in the country will be listed on the stock exchange this year, according to Anil Ambani, chairman of RCom. Ambani said there would also be a private placement of the company's equity with select international investors, he said addressing the shareholders during the third AGM of the company on Tuesday.

Ambani said RTIL would be building 23,000 towers in the fiscal. Ambani said RCom would sell a stake in Flag Telecom through a private placement before an overseas share sale by the end of this year.
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Refex Refrigerants plans IPO
Mumbai: Refex Refrigerants, which is in the business of refilling non ozone depleting refrigerant gases, or hydrofluorocarbons (HFCs) is entering the capital market with a public issue of 38 lakh equity shares of Rs10 each at a premium of Rs55 per share, aggregating Rs24.70 crore. Ten per cent of the issue, aggregating Rs2.47 crore is to be allotted to QIBs.

The issue opens on July 23 and closes on July 26.

Post issue, the promoters stake will come down to 75 per cent.

Refex is in the business of refilling HFC's which are used in auto air-conditioners, room air-conditioners, refrigerators and refrigerating equipments.

The company's clients include Hyundai Motors, Godrej and Boyce manufacturing Co Ltd, Blue Star Ltd and Carrier Aircon Ltd. The company has entered into a technical collaboration with Kaltech Engineering and Refrigerants Pvt Ltd, Singapore. Kaltech shall provide technical backup to Refex for the activities of the company.
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6.26 lakh demat accounts still suspended
Mumbai: Of the total 103.64 lakh demat accounts registered with leading depositories National Securities Depositories Ltd (NSDL) and Central Depository Services Ltd (CDSL), 26.26 lakh demat accounts were still frozen in the fast half of the financial year as the account holders have not yet submitted details of their PAN card.

The Securities and Exchange Board of India had made it mandatory for all investors to provide PAN card details for transactions in the cash market from January 1.

CDSL has suspended 4.44 lakh accounts, of which, 1.64 lakh accounts have some balance or holding. The active accounts, in which ,details are available stands at 21.50 lakh as on June 30, 2007.
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