Rationalization of Periodic Call Auction for Illiquid Scrips

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..... s for trading in the illiquid scrips through Periodic Call Auction session. After introduction of periodic call auction framework, representations have been received from market participants regarding the aforesaid circular. The issues raised by market participants were examined and deliberated in Secondary Market Advisory Committee (SMAC). 2. Based on recommendations of SMAC and feedback recei .....

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..... h average market capitalization more than ₹ 10Cr. ii. Scrips where company is paying dividend in at least two out of last three years. iii. Scrips where company is profitable in at least 2 out of last 3 years, and not more than 20% of promoters shareholding is pledged in the latest quarter and book value is 3 times or more than the face value. 3.2. Para 2.4.1 shall be replaced by th .....

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..... 0 dated July 15, 2010, CIR/MRD/DP/32/2010 September 17, 2010 and CIR/MRD/DP/6/2013 February 14, 2013 remain unchanged. 5. Stock Exchanges are directed to: 5.1. take necessary steps and put in place necessary systems for implementation of this circular from the beginning of the next quarter. 5.2. make necessary amendments to the relevant bye-laws, rules and regulations for the implementati .....

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