NOW SEBI DECIDES TRADING CRITERIA OF ILLIQUID
STOCK BASED ON PROFITABILITY, PLEDGED SHARES, MARKET CAPITALISATION, AND
DIVIDEND:
The Securities and Exchange Board of India has
loosened the trading criteria on illiquid scrips, based on profitability and market
capitalisation.
Call
auctions will not apply to shares ‘where a company is profitable in at
least two of the past three years, and not more than 20 per cent of promoters’
shareholding...
