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This is an archive article published on March 31, 2000
NSE questions
MUMBAI, MARCH 30: National Stock Exchange NSE has disputed with the disclosures made in the issue prospectus of Archana Software Ltd AS...
Written by Press Trust Of India
March 31, 2000 12:00 AM IST
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MUMBAI, MARCH 30: National Stock Exchange NSE has disputed with the disclosures made in the issue prospectus of Archana Software Ltd ASL and said it has already rejected the latter8217;s application for listing its stocks on the exchange.
The company8217;s application for listing of 30 lakh shares of Rs 10 each being issued now, was rejected as it was not eligible8217;, the exchange said in a statement here today.
NSE also clarified that the existing equity shares of ASL were not listed on the exchange as was mentioned in company8217;s prospectus for the issue, but have been admitted to dealing on it only under permitted to trade8217; category, since September 11, 1996.
ASL said in its prospectus that its existing equity shares were listed on the Madras and Mumbai stock exchanges and NSE, and that the company would apply for listing of its stocks on all these exchanges, NSE said.
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