Market regulator the Securities and Exchanges Board of India (Sebi) today permitted stock exchanges to allow intra-day trading in scrips of 10 companies.
The Securities and Exchanges Board of India (Sebi) said scrips of these companies can now shift from the Trade for Trade Settlement (TFTS), under which a company can not carry out intra-day trade, to a normal Rolling Settlement as these firms have established connectivity with depositories.
The scrips which could now be shifted to rolling settlement are AKC Steel Industries, Conard Manufacturers & Traders, Suraj Products, Krishna Ferro Product, Keerthi Industries, INCAP Financial Services, Gazi Financial Services & Investments, Iykot Hitech Toolroom, Binny, Amulya Leasing & Finance.
However, the bourses have to check whether 50 per cent of non-promoter holdings are in demat or electronic form, Sebi said.
"The stock exchanges may consider shifting the trading in these securities to normal Rolling Settlement subject to the following: at least 50 per cent of other than promoter holdings are in dematerialised mode before shifting the trading in the securities of the company from TFTS to normal Rolling Settlement," Sebi said.