The Securities & Exchange Board of India today approved the introduction of individual stock futures contracts in 31 stocks in which options contracts are currently permitted. It however did not take a final decision on the Anand Rathi case. The issue of open offers from PSUs being privatised did not come up for discussion as the board was hardpressed for time.
At an earlier meeting on September 4, the Sebi board had granted approval in-principle for the introduction of futures in 31 stocks.
The board today gave the go-ahead for the detailed scheme of introduction, the proposed risk containment measures for settlement of trades in cash, and the time frame for contracts.
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