BSE CAUTIONS INVESTORS TO BEWARE OF RUMOURS

A number of rumours have been floating in the market last few days with regard to BSE and capital market.

In this regard, the Exchange will like to clarify the following:

• A Public Interest Litigation (PIL) filed against BSE by Mr. R. Mazumdar has been dismissed by a division of Mumbai High Court.
• The Exchange invests in Mutual Funds as part of the Investment policy and laid down procedures. Out of the total investment of Rs. 1037 crores as on March 13, 2001, BSE has invested only Rs.58 crores in Mutual Funds which is 5.6% of the total investments. The investments are made in the Mutual Funds directly by the BSE and not through any brokers. No brokerage is paid.
• Elections for the three vacanies in the Governing Board would be held as per the programme.

Investors are requested not to be misled by rumours and be rest assured as regard to the safety of the market. The investors are requested to verify the authenticity of any such rumour with the Exchange authorities by sending their queries in writing on Fax No.: 2675824 or email to rvaidyanath@bseindia.com

R. Vaidyanath
General Manager - Business Development

March 13, 2001