At whatever time a company announces a book closure/record date, the exchanges sets up a no-delivery period for that particular scrip. During this period only trading(intraday) is permitted in the security. However, these trades are settled only after the no-delivery period is done. This is made to make sure that investor's right for the corporate benefit is unmistakably determined.
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment