SEBI rationalises periodic call auction mechanism
Sucheta Dalal 26 Dec 2013

SEBI’s new circular includes modifications in the trading criteria of illiquid scrips in periodic call auction, based on the company’s market capitalisation and profitability

 

Moneylife Digital Team

 

Market regulator Securities and Exchange Board of India (SEBI) has modified certain conditions on periodic call auction mechanism by modifying how it classifies the so-called illiquid stocks, including modifications based on market capitalization and profitability in the trading criteria on illiquid scrips.

 

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