Mumbai: Leading stock exchanges BSE and NSE will next week shift a total of 88 companies to the restricted trading segment to ensure safety of investors in the capital markets.
BSE said it would be shifting scrips of 80 firms to the trade-to-trade or the ‘T’ group segment, while National Stock exchange (NSE) has decided to move stocks of eight companies to this category, the bourses said in separate notices.The stocks would be transferred to the restricted trade segment with effect from September 8.
The stocks to be moved to the ‘T’ group on both the bourses include Bilpower Ltd, Gangotri Textiles, Premier Polyfilm, Radaan Mediaworks India, Shah Alloys, Soma Textiles & Industries and STI India. Under the trade-to-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
The move is a part of surveillance review and with a view to ensure market safety and safeguard the interest of investors, the exchanges said.
While BSE has identified 217 companies whose securities will remain under restricted category, NSE has listed 72 firms.