Saturday, 17 May 2014

Shifting of Scrips to and from 'T' Group.

Pursuant to SEBI circular no.SEBI/Cir/ISD/1/2010 dated September 2, 2010 read with Circular no. SEBI/Cir/ISD/2/2010 dated October 26, 2010 and SEBI Circular no. SEBI/Cir/ISD/1/2012 dated March 30, 2012, all the listed companies that have not achieved the mandated public/promoter holding in demat, the trading in securities of such companies will be traded and settled on Trade-for-trade basis i.e. “T” group.
 
Trading Members are hereby informed that, the companies given in Annexure I have not achieved 50% public shareholding in demat form, as per the shareholding pattern submitted by the companies for the quarter ended March 2014 or have not submitted the shareholding pattern or submitted incorrect shareholding pattern for the quarter ended March 2014 and hence these companies will be transferred to ‘T’ / 'MT' group w.e.f. May 23, 2014.
 
Further, companies listed in Annexure - II, which are in ‘T’ group will continue to remain in ‘T’ group since they have either not achieved at least 50% public holding and/or 100% promoter holding in demat form as per SEBI directives or have not submitted the shareholding pattern or have submitted incorrect shareholding pattern for the quarter ended March 2014.
 
The companies will remain in ‘T’ group till the next quarterly review.
 
The companies given in Annexure III which are in ‘T’ group will continue to remain in ‘T’ group for reasons other than demat criteria as per aforesaid SEBI circulars.
 
Moreover, the companies listed in Annexure – IV which have reported that they have achieved at least 50% public holding and 100% promoter holding in demat form in the shareholding pattern submitted for the quarter ended March 2014  will be transferred from ‘T’ group to ‘B’ group in the normal settlement mode w.e.f.May 23, 2014.


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