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Dear Members
The
Indian bourses regained its 17,000 mark last week. Strong auto &
cement sales in May, robust GDP growth data for Q4 March, 2010 and
recovery in world stocks aided the rally. The economy expanded 7.4%
above the government forecast of 7.2% for the financial year April
2009 to March 2010.
All
listed companies are now required to maintain a minimum public float
of 25%. Existing listed companies having less than 25% holding have
to reach the stipulated level by an annual addition of not less than
5% to public holding.
Nothing
much to report on regulatory front.
As
communicated earlier, we shall meet at the Training program on “New
IPO process” scheduled on 10th June @ Matoshree, followed
by the meeting with the leadership team post lunch. Minutes of the
same will be shared with all of you separately.
More
news in weeks to come……
With best regards
V.
Ganesh
Chairman – RAIN
www.rainnet.org
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