Wednesday 22/10/2014

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The Centre on Tuesday announced that the crisis-ridden National Spot Exchange Ltd (NSEL) would have to merge with its holding company, Financial Technologies (India) Ltd (FTIL).

The Ministry of Corporate Affairs issued a draft order invoking Section 396 of the Companies Act for the merger. This is the first time that a listed entity in the private sector is involved in a Section 396 order of the Central Government.

The Centre is said to have carefully considered the proposal by the Forward Markets Commission (FMC) and the Department of Economic Affairs. “…it (the Government) is of the considered opinion that to leverage the combined assets, capital and reserves for efficient administration and satisfactory settlement of rights and liabilities of stakeholders and creditors of NSEL, it will be essential in the public interest to amalgamate NSEL with FTIL,” the order said.

5 Great Diwali ( SDM ) Picks On Diwali Day.

For Subscriber's Only.

This is time to Lay the foundation for a Wealthy Future....

 

Our Next Stock in this Series

 

Soonnnnnnnnn

Kirti Scripscan Technical ...

 

What To Do Today.......

Opininon for Today's Market......

1.Market Looks Good Today...

2.Stay Cautious at Higher Level...

HEXAWARE

(BSE Ticker --532129@ Rs.188/-)

 

TARGET

Rs.196/- Rs.204/- SL Rs.172/-

P F C

(BSE Ticker --532810@ Rs.275/-)

 

TARGET

Rs.281/- Rs.289/- SL Rs.262/-

KIRTSCRIPSCAN

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They Become Large Caps

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TGT.....

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Our Series!!!

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KSS TECHNICAL

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