More shares in compulsory demat trading

By Our Special Correspondent

MUMBAI, MAY 24. The existing list of compulsory dematerialised trading by all investors will be increased by 632 scrips in two phases - 300 scrips from July 24 and 332 scrips from August 28.

A list of these scrips will be announced by the Securities and Exchange Board of India (SEBI) shortly. With this inclusion, a SEBI press release stated that the total number of securities to be traded compulsorily in the dematerialised form by all investors will increase to 1,210.

It further stated that another 1,300 scrips would also be brought into the ambit of compulsory dematerialised trading in a phased manner beginning from the last Monday of Septemberin batches of around 200 scrips a month.

This would imply that by March 31, 2001 all the 1,300 scrips would be covered. The complete lists of these scrips along with the schedule will be announced by SEBI shortly.

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Section  : Business
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