BSE to 4 companies in SLB segment from June 2

Leading stock exchange BSE will add four companies, including private sector lender RBL Bank and state-owned National Aluminium Company Ltd (Nalco), in securities lending and borrowing (SLB) segment from June 2.
Kajaria Ceramics and Ramco Cements are the other two companies that will become part of the SLB category.
SLB mechanism allows short sellers to borrow securities for making deliveries. There are more than 200 companies in the BSE SLB segment.
"Trading members of the SLB segment are hereby informed that these securities shall be available for trading in the SLB segment with effect from June 2, 2017," BSE said in a circular.

According to markets regulator Sebi guidelines, shares 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, shares with market-wide position limit (which indicates investor interest in a share) of at least Rs 100 crore are also eligible for the inclusion in SLB segment.
Last week, stock exchanges BSE and NSE had introduced futures and options contracts in these four companies.