The Bombay Stock Exchange (BSE) on January 30, 2024, notified regarding the Surveillance Action w.r.t dealing with unsolicited videos and messages circulated in social media platforms with reference to Exchange Notice No. 20230224-38 dated February 24, 2023.
The members are requested to note that the securities as per attached Annexure I have been shortlisted based on circulation of videos and unusual price/ volume movement and shall be treated under GSM Stage IV and applicable surveillance actions shall be:
• Trade for Trade with price band of 5% or lower as applicable w.e.f February 01, 2024.
• Trading permitted once a week (Every Monday / 1st trading day of the week) w.e.f February 01, 2024.
• ASD (100% of trade value) to be deposited by the buyers with no upward movement w.e.f February 01, 2024.
• The Securities as given in Annexure II, are eligible to move out from the said framework effective from January 31, 2024.
The market participants may note that Surveillance Action w.r.t dealing with unsolicited videos and messages circulated in social media framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.
[Notice No. 20240130-56]
