The Bombay Stock Exchange (BSE) on May 02, 2023, notified regarding the Trade-To-Trade Scrips – Inclusions in “T” or “XT” Group.
The following surveillance actions have been decided to take by the exchanges to ensure market safety and safeguard the interest of the investors:
• The securities mentioned in Annexure I which are satisfying all the criteria I, II, and III will be transferred to T / XT Group w.e.f. May 05, 2023. The securities mentioned in Annexure II will continue to remain in T / XT / P / Z / ZP Group and would attract a price band of 5%.
• Trading Members are requested to take adequate precautions while trading in the above securities, as the settlement will be done on a trade-to-trade basis and no netting of positions will be allowed. Further, as per the provisions of Exchange Notice No. 20050805-12 dated 05 August 2005; a VaR Margin of 100% will also be levied on these scrips.
• Trading Members should note that the transfer of security/ies for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measures and it should not be construed as an adverse action against the company. Further, this is a temporary measure and will be periodically reviewed depending on the market conditions.
[Notice No. 20230502-42]
