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Hudco, Vijaya Bank Strike Securitisation Buyback Deal

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C Shivkumar BSCAL

The Securities and Exchange Board of India (Sebi) may revise the list of securities for which rolling settlements would be made mandatory.

The working group on rolling settlements is to meet tomorrow to decide the number of scrips and the timing of their introduction to rolling settlements.

Badla group stocks are unlikely to be brought within the ambit of rolling settlements till the J R Varma Committee finalises its recommendations. However, Sebi is expected to announce a list that would include relatively liquid stocks.

The Varma panel is to meet today to further discuss the introduction of daily badla in a rolling settlement mode.

 

The earlier list announced by the regulator had several illiquid scrips on it. This was criticised by experts.

Sebi had, in fact, announced a couple of months back that rolling settlements would be introduced in 46 scrips from the first week of December onwards.

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First Published: Sep 21 1999 | 12:00 AM IST

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