BSE to offer LEIPS to 166 securities
.jpg)
Bombay Stock Exchange has decided to offer 'Liquidity Enhancement Incentive Programmes Schemes (LEIPS)' to as many as 166 securities exclusively listed on the stock exchange.
The eligible securities belong to 'XC' group, which is a new sub-group implemented by BSE for companies listed exclusively on it.
The equities with a six monthly average (full) market capacity of more than Rs 100 crore and having more than 1,000 public shareholders are classified under "XC" sub-segment.
"We propose to introduce LEIPS for BSE Exclusive Securities," BSE said in a recent notice.
"The date of launch shall be communicated through a separate notice," it added.
Further, BSE said that the appointment of market maker for the set of companies under LEIPS scheme, would be as per certain terms and conditions.
"Active trading members of equity segment of the exchange can follow a simple process to register themselves for this LEIPS scheme as a market maker by filling a registration form," BSE said.
Members should also have net worth of Rs 1 crore and there should not be any disciplinary action against the member in last one year.
"The exchange may revise the list of securities on which market making is eligible from time to time," BSE said.
Other Latest News
.webp)
At least nine people were burnt alive and 15 injured when a moving bus caught fire near Tauru in Haryana's Nuh district in the early hours of Saturday, police said.
The incident occurred around 2 am on the Kundli-Manesar-Palwal (KMP) Expressway. The bus was carrying around 60 people, all residents of Punjab's Hoshiarpur and Ludhiana, who were returning from pilgrim towns of Mathura and Vrindavan. All of them are relatives, police said.
.webp)
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to $450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
.webp)
The national capital on Saturday morning recorded a minimum temperature of 27.1 degrees Celsius, 0.6 notch above the season's average, according to the India Meteorological Department (IMD).
On Friday, Delhi witnessed 47.4 degrees Celsius in Najafgarh, making it the hottest place in the country.
.webp)
Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.
The motion called for the royalty paid to its parent to climb to 5.25 per cent of net sales, net of taxes, compared to the current level of 4.5 per cent. The increase was proposed at a rate of 0.15 per cent per annum.
.webp)
Shares of Zee Entertainment soared up to 5.2 per cent at Rs 141.65 per share on the BSE in Saturday’s intraday trade. The hike in the stock prices came after the company delivered a turnaround in quarterly growth for the January-March quarter of fiscal year 2023-24 (Q4FY24).
In the March quarter, the company reported a consolidated net profit of Rs 13.35 crore, marking a reversal from a consolidated net loss of Rs 196.03 crore in the same period of the previous fiscal year.
.webp)
.webp)
.webp)
.webp)
.webp)
