NSEL suspends trading in e-series till further notice

The National Spot Exchange Limited (NSEL) has suspended trading of contracts in e-series w.e.f  August 6th, 2013, till further notice.

The NSEL spokesperson said, “We did not receive any Government order till the time of sending out this release at 6 pm, but as an abundant precaution, we did not commence trading in e-series at 10 am. We will check with the authorities to find out the facts, and accordingly, we will fully comply with Government order.” 

Also read:Govt bans NSEL e-series contracts to settle investor dues

In this situation, the Exchange suggests the following measures to investors to safeguard their interests: 

1. People holding stock can apply for converting to physical and the same will be facilitated by the Exchange.

2. People can also continue to hold the stock in demat form.