NO PAYMENT PROBLEM AT BSE

The Stock Exchange, Mumbai has successfully completed all the pay-in and pay-out till now and the last pay-in was done for Settlement no. 49/2001 on March 9, 2001.

The Exchange will like to clarify that it does not envisage any kind of payment problem in the ensuing settlement .ie. Settlement no. 50/2001, the pay-in of which is due on March 15, 2001. Against the pay-in for Settlement No. 50/2001, the Exchange has capital and margins of Rs. 2378.58 crores, which is several times the pay-in amount.

The Marginable gross exposure as on March 12, 2001 stands at Rs.3455.61 crores for A, B1, B2, & Z group securities. The Exchange has a Capital and Margins to the tune of Rs.2378.58 crores. which provides a cover of nearly 68%. The Cash component of the total capital and margins is about 49%.

A number of rumours have been floating in the market more particularly related to the payment problems at the Exchange. Investors are requested not to be misled by rumours and be rest assured as regard to the safety of the market. In case of queries investors may send their queries to Fax No.:2675824.

R. Vaidyanath
General Manager - Business Development

March 13, 2001