Shares of Jet Airways plunged more than 14 percent intraday on June 13 after stock exchanges decided to impose trading restrictions on the beleaguered airline.
According to a circular issued by NSE, the decision was taken as a part of preventive surveillance measures to curb excessive volatility.
The decision has been taken jointly by the exchanges and would be effective from 28 June, it said.
The stock exchange notified that the shares of the airline will be shifted from "Rolling Segment to Trade for Trade Segment, wherein the settlement in the scrip will take place on gross basis with 100 percent upfront margin and 5 percent price band".
According to a circular issued by NSE, the decision was taken as a part of preventive surveillance measures to curb excessive volatility.
The decision has been taken jointly by the exchanges and would be effective from 28 June, it said.
The stock exchange notified that the shares of the airline will be shifted from "Rolling Segment to Trade for Trade Segment, wherein the settlement in the scrip will take place on gross basis with 100 percent upfront margin and 5 percent price band".
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