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Wednesday, Aug 18, 2004

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No trading in GTB scrips from Aug 27

Our Bureau

Mumbai , Aug. 17

AFTER more than three weeks of announcement of merger of the troubled-Global Trust Bank (GTB) with the public sector Oriental Bank of Commerce (OBC), trading in GTB scrip will be suspended from August 27.

Record date in GTB scrip has been fixed by the company as August 31, a BSE statement said on Tuesday. It said trades done in the securities of GTB on August 26 shall be settled in settlement taking place on August 30. If there is any shortage in delivery, it shall be closed out on August 30, according to the procedure in place.

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