Guidelines for execution of block deals on the stock exchanges

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....r / Madam, Sub: Guidelines for execution of block deals on the stock exchanges 1.  SEBI had issued a circular (reference no. SEBI/MRD/SE/Cir-7/2004) on January 14, 2004 on disclosures of details of "bulk" deals with a view to impart greater transparency to the market on such transactions executed on the stock exchanges. In terms of paragraph 1.1 of that circular, a "bulk" deal constitut....

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....he stock exchange will constitute a "block deal" as distinguished from "bulk" deal defined earlier. 3.   A "block" deal will be subject to the following conditions : a.  The said trading window may be kept open for a limited period of 35 minutes from the beginning of trading hours i.e. the trading window shall remain open from 9.55 am to 10.30 am. b.  The o....

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....7/2004 dated January 14, 2004, and such disclosures shall be continued to be made by the stock exchanges to the general public on the same day after the market hours. 4.   The stock exchanges shall ensure that all appropriate trading and settlement practices as well as surveillance and risk containment measures, etc., as presently applicable to the normal trading segment are made appl....