This Article is From Sep 04, 2014

NSE to Shift Scrips of 19 Companies to Restricted Segment From September 9

NSE to Shift Scrips of 19 Companies to Restricted Segment From September 9

National Stock Exchange will shift securities of 19 companies to the restricted trading segment from September 9, to ensure safety of the investors.

The stocks to be moved to the trade-for-trade or the 'T' group segment include that of JBM Auto, Panasonic Appliances India Company, Kemrock Industries and Exports, Saregama India, an NSE circular said today.

Under the trade-for-trade segment no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.

The move is part of "surveillance review and with a view to ensure market safety and safeguard the interest of investors," the circular said.

"Members are requested to take adequate precaution while trading in the above securities, as the settlement will be done on trade-to-trade basis and no netting off will be allowed," the exchange said.

Further, NSE said it would shift securities of 29 firms to the normal segment with effect from September 9.

NRB Industrial Bearings, Emkay Global Financial Services, Jindal Poly Investment and Finance Company, Gujarat Lease Financing are some of the firms which would be transferred to the normal trading segment.

The bourse also said that securities of 70 companies including Ramco Systems and Bharatiya Global Infomedia, would continue in the trade-for-trade segment.