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This is an archive article published on August 19, 1999

Trading in unlisted securities likely

NEW DELHI, AUG 18: The Securities and Exchange Board of India is likely to give a green signal to trading in unlisted securities by quali...

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NEW DELHI, AUG 18: The Securities and Exchange Board of India is likely to give a green signal to trading in unlisted securities by qualified institutional investors in its next board meeting in September, SEBI chairman D R Mehta said today.

“We are favourable to the proposal given by the Over the Counter Exchange of India (OTCEI) for allowing trading in unlisted securities. This will be considered in the next board meeting sometime in September,” Mehta told reporters on sidelines of a PHD Chamber of Commerce and Industry (PHDCCI) meeting here.

Asked on details of the OTCEI proposal of whether mutual funds would be included among those allowed to trade in unlisted securities, Mehta said the proposal is being fine-tuned.

 

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