Negotiated Deals Ref :- SEBI Circular dated September 14, 1999 - SEBI - SMDRP/Policy/Cir-41/2000

SECURITIES AND EXCHANGE BOARD OF INDIA SECONDARY MARKET DEPARTMENT Mittal Court, A Wing, Gr. Floor, 224, Nariman Point, Mumbai 400 021 SMDRP/Policy/Cir-41/2000 September 11, 2000 To The President/Executive Director/Managing Director of all the Stock Exchanges Sir/Madam, 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. Thanking you, Yours faithfully P K BindlishDivision Chief Secondary Market Depository, Research Publications Department e-mail : [email protected]