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BSE to include 11 cos in SLB segment from May

Press Trust of India  |  New Delhi 

Leading bourse will add 11 companies including Fortis Healthcare, State Fertilizers & Chemicals and in securities lending and borrowing (SLB) segment from next month.

The other eight firms are Mangalore Refinery & Petrochemicals, India, Can Fin Homes, V-Guard Industries, India, Mills, and

In a circular, said these eleven securities will be available for trading in the SLB segment with effect from May 5, 2017.

SLB mechanism allows short sellers to borrow securities for making deliveries. There are more than 200 companies in the SLB segment.

As per an earlier circular of the exchange, these companies will also be available for trading in the equity derivatives segment from April 28.

According to guidelines, with an average monthly trading turnover of Rs 100 crore or more in the previous six months are eligible for trading in SLB segment.

Besides, with market-wide position limit (which indicates the investors interest in a share) of at least Rs 100 crore are also eligible for the inclusion in SLB scheme.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 20 2017. 20:14 IST