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News Finance & Money Markets

  • Mar 06, 2013
  • Illiquid stocks may move to hourly call auction system; shift will hit 1,800 stocks

    Stocks like ITDC, the hotel chain in which the Tata Group holds a sizeable stake, Pilani Investment, the investment arm of BKBirla Group, Westlife Development, which houses McDonald's India franchisee, among others, may be taken out of the normal trading counter in stock exchanges, with a new regulatory rule kicking in from next month.In a move to curb share price manipulation, capital market regulator Sebi will shift illiquid stocks from the normal trading platform to 'call auctions'

    Source - http://economictimes.indiatimes.com