The Bombay Stock Exchange (BSE) has allowed block deals for illiquid stocks trading in the periodic call auction sessions. All illiquid scrips in the equity market are conducted only through periodic call auction sessions. “Trading members of the exchange are hereby informed that block deals are allowed to be executed in the scrips trading in periodic call auction session through block deal window (that is during the time period 9.15 am to 9.50 am),” BSE said in a notification. “All other conditions for execution of bulk deals... issued by the exchange in the matter remain unchanged,” the exchange added.
IPO fraud: Sebi issues order to attach bank A/Cs
Sebi has ordered attachment of bank accounts of three individuals to recover penalties worth over R12 crore slapped on them for irregularities in initial public offers (IPOs) of various firms between 2003 and 2005. The market regulator had imposed penalties on Roopalben Nareshbhai Panchal, Arjav Nareshbhai Panchal and Biren Kantilal Shah for cornering shares in the IPOs of IDFC, NTPC, Tata Consultancy Services, Suzlon Energy and Yes Bank, among others.
‘Mutual funds can hold gold certificates in physical form’
Sebi on Friday allowed mutual funds to hold gold certificates issued by banks in the physical forms as well, in addition to the ones in demat form, for investments made in gold deposit schemes. So far, MFs were allowed to hold such gold deposit certificates only in dematerialised or electronic forms.
Jhunjhunwala buys 25 lakh DHFL shares; stock up 13%
Investor Rakesh Jhunjhunwala on Friday picked up 25 lakh shares of mortgage lender Dewan Housing Finance Corporation (DHFL) for nearly R34 crore. Jhunjhunwala purchased the shares of DHFL through the open market route, according to information available with the stock exchanges. The scrips were bought on an average price of R135.32, valuing the transaction at R33.83 crore, as per the data. The DHFL share surged 13.02% to settle at R147.10 apiece on the BSE.