Date:22/12/2006 URL: http://www.thehindubusinessline.com/2006/12/22/stories/2006122205891000.htm

Back Stock Holding Corp plans to set up institute

Our Bureau

Mumbai , Dec. 21

Stock Holding Corporation of India Ltd is negotiating with the Maharashtra Government for 15 acres of land at Patalganga to set up a Capital Market Institute.

This Institute will tie up with the International Capital Market Institute to provide a six-month certification course of international repute in the capital market segment, said SHCIL.

SHCIL has already been allotted five acres of land in Agartala to set up a Capital Market Institute, which will serve the surrounding areas, said Mr Jayaraman Iyer, Chairman & Managing Director, on the sidelines of a new SHCIL branch inauguration in Mumbai.

The new branch is SHCIL's sixteenth in Mumbai. It will offer to customers depository participation services, broking, mutual fund distribution, and other services.

Mr Iyer said that there would be concessional annual maintenance charges for students at Rs 99 against the regular charges of Rs 500. SHCIL will also organise a free two-day capital market workshop for students who register before March 31, 2007, he said.