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Tuesday, Jun 05, 2007
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SEBI moves 11 stocks into rolling segment

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Mumbai June 4 SEBI has said the following companies - Kadamb Constructions, The Mysore Paper Mills, Vedant Hotels, Micro Forge (India), Gujarat Reclaim and Rubber Products, P.G. Industry, The Industrial & Prudential Investment Company, Shree Global Tradefin, Raasi and Enterprises, Shital Commercial Ltd and Ronson Traders - have established connectivity with both NSDL and CDSL before March 31 and are eligible for shifting from trade for trade segment to rolling segment.

Trading in the companies may be shifted to rolling segment from trade for trade segment by stock exchanges provided that at least 50 per cent of non-promoter holdings in the company is in demat mode before shifting as per clause 35 of listing agreement. Also, there should be no other grounds for continuation of trading in TFTS.

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