BSE, NSE to launch F&O contracts in ICICI Pru, 4 others BSE-Legasis tie-up to promote compliance and governance Tejas Networks share end flat on debut

Leading bourses BSE and NSE will introduce futures and options (F&O) contracts in five companies including ICICI Prudential Life Insurance Company and Manappuram Finance from Friday. The other firms are Chennai Petroleum Corporation, SREI Infrastructure Finance and Repco Home Finance. In separate circulars, the exchanges said that futures and options contracts on these "five additional securities would be available for trading with effect from June 30, 2017". At present, there are over 200 securities available in the F&O segment for trade. Recently, several stocks have been added in the segment. Earlier in March, the exchanges had introduced F&O contracts in 15 companies including InterGlobe Aviation, Indian Bank, PVR, Reliance Defence and Engineering and Ujjivan Financial Services. In July 2015, markets regulator Sebi had made a steep hike in the minimum investment size for any equity derivative product to ~5 lakh from ~2 lakh. Besides, the minimum lot size of an equity derivative contract had been increased to ~5 lakh. Shares of Tejas Networks gained 2.2 per cent during its stock market debut on Tuesday. Shares of the company ended at ~262.6 compared to issue price of ~257. In intra-day trade, the stock had soared 5.6 per cent to touch a high of ~271.4 on the NSE. The stock also fell to its issue price during the trade. Tejas' IPO too had seen tepid demand with the issue garnering just 1.9 times subscription. Top stock exchange BSE said on Tuesday it has tied up with Legasis Services to work towards a compliance and corporate governance framework for India companies. This strategic partnership, includes implementing joint compliance programmes, corporate governance initiatives, compliance analytics, compliance benchmarking, among other related initiatives, with relevant stakeholders. "The need for comprehensive and all encompassing compliance framework has been felt acutely. Help by way of real time updation of ever changing compliance needs in unrelated areas is a must in the modern world," BSE MD & CEO Ashishkumar Chauhan said in a statement. Compiled by BS Research Bureau