Trading in "z" group scripts

It has been decided that w.e.f. February 5, 2001(First day of trading of Settlement No.46/2000-2001 of A, B1, B2, C and Z group ) trades executed in all “Z” group scrips would be settled on a trade to trade basis. The trades in the scrips in this group would continue to be executed in the normal trading window but the settlement of the same would be done through the “C” group.

The delivery in respect of scrips in “Z” group which have been mandated by SEBI for compulsory demat trading for all investors would be required to be effected in demat mode. The physical shares pertaining to these scrips can be delivered only as per the provisions of the exit route scheme announced vide Notice No.1302/99 dated April 15,1999.

In the case of the remaining “Z” group scrips (i.e., those scrips not mandated for compulsory demat), the delivery can effected in physical mode. details.

In view of the aforesaid trading in the “Z”group scrips in the Rolling Segment (i.e., 5 lakh series) would be discontinued w.e.f. February 5,2001.

All shortages pertaining to undelivered securities will be closed out as per the existing procedure for close out of “C” group shortages.