The auction will be conducted on NSE's e-bid platform from 1530 hrs to 1730 hrs after the close of market hours, the exchange said in a circular.
"Significant increase in volume has been observed in The State Trading Corporation of India Ltd. The exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company," the company said in a NSE filing.
The leading bourse would report to the Sebi about the 48 companies after collecting the information. Out of the 48 firms, ten entities had already been suspended before the Sebi's directive.
The decision is expected to help in reducing trading and hedging costs for various entities, including small and medium enterprises.
Limaye was appointed to a panel, set up by Supreme Court, to administer the Board of Control for Cricket in India (BCCI) and will hold that position till July 14. After that, he wished to be relieved from his BCCI duties.
The Bid-ask spread or the difference between the lowest ask price and highest bid price for a stock represents the (variable) cost that an investor pays for a (round trip) trade.
The scrip plunged little over 10 per cent to close at Rs 133.25 on the NSE while it had a high of Rs 155.20 on Monday. Sources said it is "routine procedure" to check the trading data of a particular scrip when there are reports of alleged manipulative practices.
While BSE is moving VKS Projects to Stage 3 of the GSM, the NSE is transferring Farmax India apart from VKS Projects.
According to the SEBI circular issued in last week of February, exchanges have also been asked to carry forward over 75 percent of interest income earned on the fund. There will be tax levied on the amount carried-forward.
As per the new listing criteria, exclusively listed companies of de-recognised stock exchanges or bourses, which are seeking an exit from capital markets would be eligible for listing on the NSE only if their respective paid-up equity capital is at least Rs 10 crore in each three preceding financial years.
The reserved portion of qualified institutional buyers oversubscribed 144.62 times while the portion set aside for non-institutional investors subscribed 277.74 times and that of retail investors 7.51 times, according to CNBC-TV18.
Healthcare major Apollo Hospitals has raised Rs 200 crore by allotting 2,000 non-convertible debentures (NCDs) to HDFC bank.
CNBC-TV18's Latha Venkatesh is at the National Stock Exchange to support this unique initiative and has with her Shanti Ekambaram of Kotak Mahindra Bank, Aisha De Sequiera of Morgan Stanley, Bala Deshpande of NEA, Mallika Ghosh of the Parinaam Foundation and Radhika Gupta of Edelweiss AMC.
Wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of Rs 1,774.00 crore in 36 trades.
Khazanah‘s arm Integrated (Mauritius) Healthcare Holdings sold over 6 percent stake in the healthcare firm. Prior to the deal, it held 10.85 percent stake in the company.
They have been asked to move forward on the idea based on deliberations at the Gyan Sangam last year, sources said.
The National Stock Exchange board is wary of its new CEO Vikram Limaye‘s Board of Control for Cricket in India‘s (BCCI) commitments and has approached Vinod Rai-led panel for same, sources said.
Foreign fund Amansa Holdings today offloaded its entire 2.56 per cent stake in Cholamandalam Investment and Finance Company for a little over Rs 388 crore through an open market transaction.
The cash outgo will go towards acquiring the government holding as well as buying an additional 26 percent stake in HPCL via an open offer.
Jagran Prakashan, the publisher of Hindi daily Dainik Jagran, today said its subsidiary Music Broadcast Ltd (MBL) has received regulatory approval of the DRHP for a proposed Rs 400 crore initial public offer (IPO).
On the other side, the exchange will remove country's third largest telecom operator Idea Cellular and state-run power equipment maker BHEL with effect from same date. After this news, stocks fell as much as 5.4 percent and 2.3 percent, respectively.
State-run BHEL and telecom major Idea Cellular will move out of National Stock Exchange's Nifty 50 index from March 31.
Apollo Hospitals Enterprise today said its board will meet next week to consider raising Rs 200 crore via issue of securities on a private placement basis.
The National Stock Exchange is awaiting SEBI‘s nod for easing of the order requiring the bourse to set aside revenues from its co-location services in an escrow account.
The country's largest bourse is gearing up for its much-awaited initial public offering this year.