The current stipulation is for such contracts to have a value between Rs 5 lakh and Rs 10 lakh. This limit was last set in 2015. Since then, broad market values and prices have increased by around three times.
“Given this, it has been decided that a derivative contract shall have a value not less than Rs 15 lakhs at the time of its introduction in the market,” SEBI said.
This story is from the October 02, 2024 edition of The Free Press Journal.
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This story is from the October 02, 2024 edition of The Free Press Journal.
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