NSE re-allows Prime, Choksi to trade

The National Stock Exchange (NSE) has re-enabled the unique client codes (UCCs) of 26 clients, including Prime Broking and Mehul Choksi's, Chairman and Managing Director of Gitanjali Gems after three months of deactivation. With this, all these entities of Prime Broking Group and Mehul Choksi, the promoter of Gitanjali Gems, will be able to trade in the shares on NSE.

NSE, in a circular posted on its site late Tuesday evening, said 26 UCCs had been enabled which included three identifiable names in the list related to Prime Broking. The client codes of Prime Research and Advisory, Prime Securities and Primesec Investments have been enabled.
 

These entities and Choksi were banned from trading on NSE on July 18 due to investigations by both NSE and Securities and Exchange Board of India over the alleged link between Choksi and Prime Broking which resulted in 90 per cent fall in Gitanjali's share price.