Close out mark up in respect of debentures and bonds traded on the Stock Exchanges

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....All Stock Exchanges  Dear Sir,  Sub :- Close out mark up in respect of debentures and bonds traded on the Stock Exchanges  The SEBI circular No.SMD/Policy/IECG/5548/96 dated December 09, 1996, stipulates in para no. 1 that the mark up for the close out shall be 20% above the official closing price. This mark up was applicable to close out of equities as well as debentures a....

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....it rating, the existing close out mark up of 20% shall be applicable as is applicable in the case of equities. The undersigned has been authorised to direct Exchanges to a)     make necessary amendments to the bye-laws, rules and regulations for the implementation of the above decision immediately. b)     bring the provisions of this cir....