KARVY SEC EMERGES LEADING BROKING FIRM, SAYS REPORT

Article Abstract:

Karvy Securities (KS) of Karvy Consultants has emerged as the leader of share broking firms in India. KS has mobilised issues worth of Rs618.57 crore in 1997-98. KS which is headquartered in Hyderabad has restructured its network distribution system by setting up a nation-wide network with nearly 3,000 sub- brokers. It has opened nearly 65 invest service centres in the country and in the pure debt issues, it has been pushed to fourth place. KS has mobilised Rs83.71 crore in the debt segment. (gs)

Comment:

Mobilises issues worth of Rs618.57 crore in 1997-98; emerged as the leader of share broking firms in India

Services information, Securities Brokerage, Stockbrokers, Article, Karvy Securities

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CHOKSEY GROUP TAKES SUBSTANTIAL STAKE IN COLTECH

Article Abstract:

The Choksey group, which operates Mazda Dye Chem Ltd (MDCL), has acquired a substantial holding in Coltech Chemicals (India) Ltd (CCL). The chairman and managing director of MDCL has taken over as the chairman of CCL. Both MDCL and CCL manufacture the phthalocyanin group of pigments. MDCL concentrates on Blue pigments while CCL exports the Green 7 class of pigments. (khr)

United States, Acquisitions & mergers, All Other Miscellaneous Chemical Product and Preparation Manufacturing, Chemical preparations, not elsewhere classified, Chemicals NEC, Chemicals, CCL, Choksey group, Mazda Dye Chem Ltd

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