https://www.taxtmi.com/circulars?id=67547 SEBI introduces a special call auction with no price bands for ICs and IHCs whose scrips trade infrequently and whose six month VWAP is below 50% of per share book value based on listed investments. Eligibility requires uniform industry classification, at least one year listed without suspension, and at least 50% of assets invested in scrips of listed companies. Exchanges must give 14 day notice, disclose key price and book value information, coordinate sessions across exchanges, require at least five PAN based unique buyers and sellers for successful price discovery, and provide adequate risk management and surveillance. en-us Thu, 20 Jun 2024 00:00:00 +0530 Thu, 20 Jun 2024 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67547 SEBI introduces a special call auction with no price bands for ICs and IHCs whose scrips trade infrequently and whose six month VWAP is below 50% of per share book value based on listed investments. Eligibility requires uniform industry classification, at least one year listed without suspension, and at least 50% of assets invested in scrips of listed companies. Exchanges must give 14 day notice, disclose key price and book value information, coordinate sessions across exchanges, require at least five PAN based unique buyers and sellers for successful price discovery, and provide adequate risk management and surveillance. Circulars SEBI Thu, 20 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67547