Sebi panel recommends easing block deal framework

An expert committee of the Securities and Exchange Board of India (Sebi) has recommended easing the ‘block deal’ framework. The Secondary Market Advisory Committee (SMAC) is in favour of extending the block deal window and allowing better flexibility in terms of pricing of deals.

Under the current framework, block deals are allowed during a 30-minute window — between 9.15 am and 9.45 am. Sources said the SMAC wanted the alignment of the block deal window with normal trading hours.

Block deals involve trading of a large number of shares between two parties, which are typically pre-decided.

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