In BSE the close out procedures varies from group to group. There won’t be any auction for Z group, TS group and T group shares and are settled at a price whichever is higher in the following.
The highest rate of the scrip from the day of trading to the day prior to the day of auction of the respective settlements
10% above the closing rate as on the day prior to the day of auction/ close out of the respective settlement.
The settlement in ‘A’, ‘B’, ‘S’ and ‘F’ groups are done at a price whichever is higher in the following if the securities are not bought in auction or auction seller fails to deliver the securities on the day of auction pay-in. In first case the seller broker is charged and in second case the auction seller’s account is debited.
The highest rate of the scrip from the trading day to the day prior to the day on which the auction is conducted for the respective settlement.20% above the closing rate as on the day prior to the day of auction/close out of the respective settlement.
Sathish Emmadi
Sathish Emmadi is a co-founder & editor at Lastbull.com. He is presently working in IT for one of the world’s top mutual fund companies. Handled multiple projects in BFSI (Banking,Financial Services and Insurance) domain. An Engineering Graduate from NITW.
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