The Bombay Stock Exchange (BSE) on July 11, 2024, notified regarding the Revision of Scrips in Trade to Trade Segment.
The following has been stated:
• The scrips mentioned in Annexure I Part A will be transferred to T / XT / MT / TS Group and Part B will continue to remain in T / XT / MT / TS Group and they would be traded and settled on Trade to Trade basis effective from July 16, 2024. The category applicable to the scrip for transfer to/continuation in T / XT / MT / TS Group from the detailed criteria available on the website as stated above is mentioned alongside the scrip. Trading Members are requested to take adequate precaution while trading in above scrips, as the settlement will be done on trade-to-trade basis and no netting off positions will be allowed.
• It has stated that the scrips mentioned in Annexure II are eligible for transfer to T / XT / MT / TS group, however as these scrips are in P, Y, Z, ZP & ZY group and already traded and settled on a trade to trade basis the same shall continue to remain in their respective groups. The category applicable to the scrip for transfer to/continuation in T / XT / MT / TS Group from the detailed criteria available on the website as stated above is mentioned alongside the scrip.
• The scrips mentioned in Annexure III are in T / XT / MT / TS Group and are traded and settled on trade-to-trade basis as part of surveillance measure. These scrips will be shifted back to their original groups from July 16, 2024 and will continue to attract the price band of 5% or lower as applicable and will be reviewed for upward revision during the next price band review activity.
• The Trading Members should note that the transfer of scrips for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measure and it should not be construed as an adverse action against the company. Further, this is a temporary measure and will be reviewed periodically depending on the market conditions.
[Notification No 20240711-52]
