Market regulator Sebi said that trading of shares of companies going for a merger, demerger or a change in capital structure will have to be done in a price range for the first ten days of post-restructuring, in a move aimed at curbing volatility in trading of these scrips.

In addition, trading in these shares will have to be settled between buyers and seller without a clearing house for the first ten days, SEBI said. This means that intra-day trading cannot happen in these shares for the first ten days.

SEBI said in case of a merger, demerger, amalgamation, capital reduction/consolidation, “The trading shall take place in Trade-for-Trade segment for first 10 trading days with applicable price band while keeping the price band open on the first day of trading.

More Under SEBI

Posted Under

Category : SEBI (2986)
Type : Featured (4580) News (13981)
Tags : SEBI (587)

Leave a Reply

Your email address will not be published. Required fields are marked *

Featured Posts