Demat failures: Bourses restrict trading

Nov 18 2012, 18:25 IST
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SummaryLeading stock exchanges BSE and NSE have restricted trading in stocks of as many as 40 new companies on account of their failure in meeting the market regulator Sebi's direction on dematerialising of shares.

effect from November 23, as they have complied with Sebi's regulations for demat shares.

These include 3i Infotech, Eastern Sugar and Industries Ltd, Monnet Sugar, Ontrack Systems, Shree Ashtavinayak Cine Vision and Zenith Healthcare Ltd.

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