Bizbits

BSE to shift 25 cos to Z groupMUMBAI: The Bombay Stock Exchange BSE has decided to put 25 erring companies in the newly formed quot;Z...

BSE to shift 25 cos to Z group

MUMBAI: The Bombay Stock Exchange BSE has decided to put 25 erring companies in the newly formed quot;Z groupquot;. These companies have not complied with and are in breach of several provisions of the listing agreement of the exchange. Trading in these scrips will commence from July but the exact date would be announced in due course.

The following are the 25 companies to be placed in the quot;Z groupquot;: A N Global Ltd scrip code 12225, Adcon Capital Serv 11670, Agritech Hatcheries and Foods 23361, Air Command India 23421, Aircommand Airtechnics 26189, Alliance Capital amp; Fin Serv. 7964, Apls Labs. 26003, Ambuja Agro Inds 19164, Ambuja Flour Mills 19142, Amie Power 13101, Amethi Textiles 21024, Ampro Products 19345, Anmol Dairy 19510, Arcadio Mercantile Capital 31160, Archit Holdings and Credits 32111, Arrow Securities 31448, Arun Agro Products 31777, Asahi Construction and Hsg Fin Co 12535, Asha Agro Inds 26309, Asiatic Infra andShelters 30861, Asr Agro 31643, Atlas Soya Proteins 19067, Atulya Trades and Agencies 12119, Auroknit Exports india Ltd 12561 and Avikem Resins 23784.

Templeton India unveils Gilts fund

MUMBAI: The Rs 370 crore Templeton Asset Management India Private Ltd Monday announced the launch of an open ended dedicated government securities Gilts fund that aims to provide regular income with zero credit risk through investments in gilts. Outlining the features of quot;Templeton India Government Securities Fundquot; TGSF, Templeton India president and CEO, Vijay C Advani told newsmen today that it offered investors a safe, affordable, liquid and efficient investment option.

quot;It offers the option of two investment plans, the dividend plan for investors interested in regular flow of income and the growth plan for long term investors like provident funds seeking capital appreciation,quot; he explained.