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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (6260)	9/3/1999 12:02:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

SEBI (Securities & Exchange Board of India) bans negotiated deals SEBI Webiste sebi.com Date: 9/2/99 12:48:01 PM (Probity Research) Sebi has banned negotiated and cross deals for trades in stocks and corporate debt. The ban will come into effect after the market regulator issues a circular to the effect. This move is expected to improve transparency in the market, improve liquidity and aid the process of price discovery since the small investor too will get to take part in the transactions. The ban has been imposed across all exchanges and all scrips. This step was taken after some members objected to such deals as being the only one in an otherwise transparent market. However the FIIs are likely to be allowed to enter into negotiated deals if their holding reach maximum permissible level.