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Mumbai, Feb. 22 Market regulator SEBI on Thursday directed stock exchanges to shift five specific scrips from trade-for-trade segment to the rolling segment provided 50 per cent of the non-promoter holdings are already in the dematerialised mode.

“The stock exchanges may consider shifting the trading in these securities to rolling settlement provided at least 50 per cent of other-than-promoter holdings as per clause 35 of Listing Agreement are in dematerialised mode,” the SEBI circular issued on Thursday said.

The five companies — Batkawa Tea, Ricon Commerce, Sidh Enterprises, Sharda Motor and Victoria Enterprises — had established connectivity with both NSDL and CDSL depositories, SEBI said.

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