Demat failures: Bourses restrict trading
These companies include Austral Coke and Projects Ltd, Bhilwara Spinners, Dhanlaxmi Cotex, India Cements Capital, Jaybharat Textiles and Real Estate Ltd, Oswal Yarns, Sakthi Finance and Zenotech Laboratories Ltd.
At NSE, shares of 15 companies would continue to be traded on 'Trade-for-Trade' basis, including stocks of Austral Coke, Jain Studios, Sakthi Finance and Jupiter Bioscience Limited.
Besides, BSE has named a total of 448 companies whose shares would continue to be traded in 'Trade-for-Trade' group "for reasons other than the demat criteria". NSE has named 10 companies in this category, including Birla Power Solutions, Shree Ashtavinayak Cine Vision and 3i Infotech Limited.
NSE also said in a circular to its member brokers that two companies -- Koutons Retail and Samtel Color -- have complied with demat regulations, but would continue to remain under restricted trade category due to 'surveillance' reasons.
However, BSE has decided to move 100 stocks out of this restricted-trade category with effect from November 23, as they have complied with Sebi's regulations for demat shares.
These include 3i Infotech, Eastern Sugar and Industries Ltd, Monnet Sugar, Ontrack Systems, Shree Ashtavinayak Cine Vision and Zenith Healthcare Ltd.
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