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Besides, the exchange said Jindal Poly Films would be shifted to trade for trade segment, or T Group, with effect from July 17, following a demerger scheme.
The ‘trade for trade’ segment is a restricted category, wherein, no speculative trading is allowed and delivery of shares and payment of the consideration amount are mandatory. In two separate circulars, the NSE said Future Ventures India and Duncans Industries would be transferred from trade for trade category to rolling segment with effect from July 18 and July 19 respectively.
Generally, securities that are sold in the secondary market typically settle three business days after the initial trade date. When securities are sold and settled on successive business days, they are said to be experiencing a rolling settlement.
The move is part of the preventive surveillance measure, to ensure market safety and safeguard the interest of the investors.
