The Bombay Stock Exchange (BSE) on October 21, 2024, issued the notification regarding the Update on the Introduction of a special call auction mechanism for price discovery of scrips of listed Investment Companies (ICs) and listed Investment Holding Companies (IHCs).
The following has been stated namely: -
• Trading members are requested to take note of the following with respect to conducting the special call auction mechanism for price discovery of scrips of listed Investment Companies (ICs) and listed Investment Holding Companies (IHCs): –
o The price discovery session shall also be conducted for the eligible list of securities.
o All provisions and operational details under Special preopen session (SPOS) shall also be applicable to Investment Companies (ICs) and Investment Holding Companies (IHCs).
o Additional criteria for determining equilibrium/opening price for eligible IC & IHC securities has been stated.
The enhancements shall be made applicable in the live environment for trading from October 28, 2024
[Notification No. 20241021-50]
