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

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....n 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 and bonds. SEBI has received representations from the exchanges that the debentu....

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....le 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 circular to the notice of the member brokers/clearing members of the Exchange and also to disseminate the same on the website for easy access to the ....