BSE notifies of Measure in respect of companies with high Promoter as well as non- Promoter ‘Encumbrance’

May 21, 2022 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Bombay Stock Exchange (BSE) on May 20, 2022 has issued Measure in respect of companies with high Promoter as well as non- Promoter ‘Encumbrance’.

Trading Members are hereby requested to take note of the following:

• The securities as given in Annexure I which specify “List of securities shortlisted in measure in respect of companies with high Promoter as well as non- Promoter ‘Encumbrance’ with effect from May 23, 2022” have satisfied the criteria for inclusion under the aforesaid Measure and shall attract minimum 75 % margin in Equity and Equity Derivatives segment with effect from May 25, 2022 on all open positions as on May 24, 2022 and new positions created from May 25, 2022.

• The Securities as given in Annexure II which specify “List of securities moving out of measure in respect of companies with high Promoter as well as non-Promoter ‘Encumbrance’ with effect from May 23, 2022” are eligible to move out from the said framework effective from May 23, 2022.

• A consolidated list of securities under the framework is given in Annexure III.

 

[Notification No. 20220520-44]

 


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