According to CNBC-TV18, the Securities and Exchange Board of India (SEBI) has decided to modify the existing block deal framework to bring more transparency and efficiency to large market transactions.
As per the new rules, the minimum order size for executing trades in the block deal window will now be Rs 25 crore. Additionally, block deal orders can be placed at prices up to 3% above or below the prevailing market price of the share.
The revised framework will come into effect 60 days after the issuance of SEBI’s official circular.
Disclaimer:
The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.