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SEBI directive to exchanges
MUMBAI,
DEC. 9.
The Securities and Exchange Board of India has said the listed companies, whose stocks are available for derivatives contracts or were part of index with derivatives, should give a 30-day notice for corporate action like merger, de-mergers, share split and bonus shares.
The Clause 16 of the Equity Listing Agreement should be amended to incorporate this change, SEBI said in a communication to stock exchanges. — PTI
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