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Our Bureau

Hyderabad , June 14

THE Hyderabad Stock Exchange (HSE) has announced its decision to offer one time settlement (OTS) scheme for the companies, who were in arrears of payments of listing fee to the exchange.

In a press release, the exchange said the OTS package includes 25 per cent payment as full and final settlement of the listing fee arrears up to the financial year 1999-2000, thereby providing a relief of up to 75 per cent on listing fee arrears.

For 2000-01 to 2003-04, the exchange proposes to offer 50 per cent waiver on listing fee arrears and would accept 50 per cent payment as full and final settlement of arrears.

Stating that the scheme would be operational up to the end of current fiscal, the exchange has, however, made it clear that the scheme is not applicable to those companies that propose to delist from April 1.

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