SECURITIES AND EXCHANGE BOARD OF INDIA
SECONDARY MARKET DEPARTMENT
Mittal Court, A Wing, Gr. Floor,
224, Nariman Point, Mumbai 400 021
September 11, 2000
The President/Executive Director/Managing Director Of all the Stock Exchanges
Sub :- Negotiated Deals
Ref :- SEBI Circular dated September 14, 1999
In the above mentioned circular it was provided that, negotiated deals would not be permitted and that all deals would have to be executed only on the screens of the exchanges in the price and order matching mechanisms of the exchanges. It was also provided that exemptions would be granted by the stock exchanges only in cases where the scrips have reached the FII investment limits.
It is now further provided that exemptions would also be granted for dis-investment of Public Sector Enterprises by SEBI on a case to case basis.