Shares of Protean eGov Technologies fell by 9% on November 22 after the National Stock Exchange (NSE) announced plans to sell a 20.32% stake in the company through an offer for sale (OFS) at a floor price of Rs 1,550 per share. The OFS includes a base issue of 10.16% equity with an additional green shoe option of 10.16%. The sale will open for non-retail investors on November 22 and for retail investors on November 25.
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed on November 20 due to the Maharashtra Assembly polls. Trading in various segments, including derivatives and equities, will be halted for the day, while commodity derivatives will operate in the evening session. Normal trading will resume on November 21.
Maharashtra will hold assembly elections on November 20, with voting from 7 am to 6 pm across 288 constituencies. While hospitals, ATMs, public transport, and emergency services will remain operational, stock markets, banks, government offices, educational institutions, and liquor shops will be closed for the day.
Dabba trading platforms are ramping up marketing efforts to attract Futures & Options traders amid new SEBI regulations and an increase in Securities Transaction Tax. With upcoming changes, including higher contract sizes and margin requirements, these platforms anticipate a surge in business. Stock exchanges are yet to see the impact of these regulations on trading volumes, which are expected to become apparent by early next year.
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed on November 15 in observance of Guru Nanak Jayanti. All trading activities, including derivatives, equities, and currency derivatives, will be halted for the day. The commodity derivatives segment will be closed in the morning but will operate in the evening from 5:00 p.m. to 11:55 p.m. Trading will resume on November 18 (Monday).
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