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SEBI to unveil project for NISM soon: Damodaran

Chennai, Aug 3: The Securities and Exchange Board of India (SEBI) would unveil its project for the National Institute of Securities Market (NISM) soon, SEBI Chairman M Damodaran said today.

NISM, established on the model of public-private partnership in Mumbai, would source members for the faculty from overseas and six management institutes, including five from the US, said Mr Damodaran, who was here for a two-day meet organised by CII on 'the changing face of financial leadership'.

The Union Human Resources Development Ministry had agreed to include lessons on securities market in the school syllabus, he informed.

Noting that excess liquidity should not by itself lead to acquisitions, SEBI Chairman said the main factor was that whether these acquisitions would make business sense. This was where the CFOs were neatly positioned to counsel their management, he added.

UNI

ICICI bank files Red Herring Prospects with SEBI

Mumbai, Jun 13: The country's largest private lender ICICI Bank today said they have filed the Red Herring Prospectus with capital market regulator, the Securities and Exchange Board of India (SEBI) and with the Ahmedabad Registrar of Companies for a public issue.The issue involves equity shares of Rs 10 each for cash at a price to be determined by the book building process, including a share premium per equity share, aggregating Rs 87,500 million. The Bank has decided.....
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