BSE to include 8 cos in SLB segment from next month

Leading bourse BSE today said eight companies including Reliance Defence and Engineering, PVR and Piramal Enterprises will be included in securities lending and borrowing (SLB) segment from next month.
SLB mechanism allows short sellers to borrow securities for making deliveries.
In a circular, BSE said these eight securities will be available for trading in the SLB segment with effect from April 7, 2017.
The other five securities are Capital First, Dalmia Bharat, Shree Cement, Indian Bank and Muthoot Finance.
Earlier this week, the exchange said these companies will be available for trading in the Futures & Option (F&O) segment from March 31.

According to 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 the investors interest in a share) of at least Rs 100 crore are also eligible for the inclusion in SLB scheme.