BSE to shift 17 cos to restricted trading segment

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Asia’s oldest stock exchange BSE, from May 29, for not complying with listing rules is going to shift stocks of 17 firms to the restricted trading category, reported a leading English daily.

According to a notice, the scrips will be transferred to the 'Z' group.

The stocks to be moved include Birla Capital and Financial Services, Birla Transasia Carpets, Dhanalaxmi Roto Spinners, Gangotri Textiles, Hindustan Hardy Spicer, Jay Energy and S Energies, Kernex Microsystems India, Koa Tools India, Krishana Fabrics, Orbit Corporation, Rajdarshan Industries and Ratnamani Agro Industries.

The Z group includes companies that have failed to comply with the listing requirements and/or have failed to resolve investor complaints and/or have not made the required arrangements with the depositories - CDSL and NSDL - for dematerialisation of their securities.

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