Media Release

REVISION OF SCRIPS IN TRADE TO TRADE SEGMENT

As a part of Surveillance measure the Exchange transfers various scrips for settlement on a Trade-to-Trade basis. The criteria for shifting scrips to/from for settlement on trade to trade basis are decided jointly by the stock exchanges in consultation with SEBI and reviewed periodically. 

The detailed criteria of shifting scrip to/from Trade-to-Trade are available on website athttp://www.bseindia.com/markets/equity/EQReports/sur_Price_monitoring.aspx?expandable=6.

The Exchange with a view to take preventive surveillance measure to ensure market safety and safeguard the interest of the investors, has decided to take the following Surveillance actions:

1) The scrips mentioned in Annexure I will be transferred to "T" Group/will continue to remain in "T" Group and they would be traded and settled on Trade to Trade basis effective from March 03, 2014. The category applicable to the scrip for transfer to/continuation in “T” Group from the detailed criteria available on the website as stated above is mentioned alongside the scrip. Trading Members are requested to take adequate precaution while trading in above scrips, as the settlement will be done on trade-to-trade basis and no netting off positions will be allowed.

As per the provisions of Exchange Notice No. 20050805-12 dated 05 August 2005, a VaR Margin of 100% will also be levied on these scrips. Further, scrips in T-Group will continue to attract a circuit filter of 5% or lower as applicable.

2) The scrips mentioned in Annexure II are in “T” Group and are traded and settled on trade-to-trade basis as part of surveillance measure. These scrips will be shifted back to their original groups from March 03, 2014 and will continue to attract the circuit filter of 5% or lower as applicable.

Trading Members should note that the transfer of scrips for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measure and it should not be construed as an adverse action against the company. Further, this is a temporary measure and will be periodically reviewed depending on the market conditions.

In case, trading members require any clarification, they may please contact any of the following officials of the Exchange:

Ms. Saji Sunilkumar (Extn: 2272-5092)

Mr. Jaimini Patel (Extn: 2272-3030)

Please click the view the Annexure II  downloads/cirbrief/file/Annexure%20to%20Notice.xls

For & On behalf of BSE Ltd.

Yatin Padia – 022 2272 8516 / Ketan Mehta – 022 2272 8321
Marketing Communications
yatin.padia@bseindia.com / ketan.mehta@bseindia.com

February 25, 2013