Hinduja TMT shares included in F&O segment
Bangalore, December 27, 2007
The National Stock Exchange of India has announced that the
securities of Hinduja TMT Limited (“HTMT”) will be available for
trading in the Futures & Options (F&O) segment with effect from 29th
December 2006. The circular issued by the NSE also added that the
details of the market lot and list of contracts being made available
for trading in 26 new securities being added to the F&O segment
would be informed to the members separately.
To be included in the F&O segment, stocks need to fulfill certain
eligibility criteria, including being amongst the top 500 stocks in
terms of average daily market capitalisation and average daily
traded value in the previous six months on a rolling basis.
HTMT is currently at an advanced stage of an ambitious restructuring
process, which includes demerger of its IT / ITES undertaking into a
separate listed entity and the consolidation of its media and
broadband subsidiaries into a single entity. Shareholders’ approval
has already been obtained and the restructuring process is currently
before the Hon’ble Bombay High Court. The Company is hopeful of
receiving court sanction of the demerger scheme at an early date.
About HTMT
Hinduja TMT (HTMT) is a realization of Hinduja Group's endeavor to
provide a 'one stop shop' for customers' needs in Information
Technology - from Contact Center services and Back Office Processing
to customized IT solutions. HTMT is a publicly listed company on
both the National Stock Exchange and Bombay Stock Exchange. HTMT has
been ranked 8th among the Top 10 Call Centers” Worldwide by the
Global Services Magazine in association with Neo IT in January 06.
HTMT has also been ranked among ‘200 Best under a $1 billion Company
in Asia” by Forbes Magazine in October 05.
HTMT's IT/BPO domain expertise is in the areas of Insurance,
Financial services, Manufacturing, Telecom, Pharmaceutical Products,
Consumer Electronics, Household Products, Energy and Utilities. HTMT
has delivery centers in Bangalore, Mumbai, Hyderabad, Chennai,
Manila, Mauritius, Toronto and New Jersey, and marketing offices in
the USA, UK and Europe. HTMT has world-class infrastructure in line
with global standards of environment, resources and deliverables and
employs over 7500 people. HTMT is one of the few companies in the
BPO business that has output quality very close to six sigma
standards and has set its eye firmly on a continuous improvement
program. HTMT is also among the few companies that are HIPAA
compliant besides being assessed for SEI CMM Level 4 for software
development, ISO 9001:2000 certified and BS 7799 compliant.
About Hinduja Group
The Hinduja Group is one of the largest transnational business
conglomerate in the world with diversified operations. Founded in
1914 by Shri P.D. Hinduja the Group provides a wide range of
products and services worldwide. The group’s activities are divided
into three core areas such as, Investment Banking, Global
Investments and the International Trading. The Hinduja Group is
quick to grasp new opportunities and is expanding its investments
and advisory services across international markets. As a part of the
Global investment the group owns Transport, Information Technology,
Entertainment and Communications, Banking and Finance,
Infrastructure Project development, chemicals and agri business,
Energy and Healthcare.
For more information please contact:
Yagnesh Sanghrajka +91 9945604228
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