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<h1>Securities regulator allows separate intraday block-deal windows with price, size, timing, disclosure, settlement and surveillance rules</h1> Securities regulator revises the Block Deal Framework: exchanges may offer separate block-deal windows within trading hours (08:45-17:00) with a Morning window 08:45-09:00 (reference: prior close) and an Afternoon window 14:05-14:20 (reference: VWAP 13:45-14:00; VWAP published 14:00-14:05). Orders must be within ±3% of the reference price, minimum INR 25 crore, result in delivery (no squaring off), and be subject to normal surveillance, settlement and risk measures; provisions apply to optional T+0 as well. Exchanges must disclose scrip, client name, quantity and price after market hours. Rules apply 60 days from issue; market infrastructure entities must update systems and bylaws.