Description
Foreclosure of securities lending and borrowing for rights issues of Hindustan Construction Co. Ltd. and Deccan Gold Mines Ltd.
Summary
BSE has announced foreclosure of Securities Lending and Borrowing (SLB) positions for two companies undertaking rights issues. Hindustan Construction Co. Ltd. and Deccan Gold Mines Ltd. will have their SLB securities foreclosed due to upcoming book closure dates for their respective rights issues.
Key Points
- Two companies affected: Hindustan Construction Co. Ltd. and Deccan Gold Mines Ltd.
- Corporate action type: Right Issue of Equity Shares
- SLB positions will be foreclosed on the book closure/record dates
- Shut period implemented one day prior to ex-date through book closure date
Regulatory Changes
No new regulatory changes. This circular applies existing SLB foreclosure procedures for corporate actions.
Compliance Requirements
- SLB participants must settle their positions by the foreclosure date
- No new SLB transactions permitted during the shut period
- Market participants must account for the shut period when planning trades
Important Dates
Hindustan Construction Co. Ltd.
- Ex Date: December 5, 2025
- Book Closure/Record Date: December 5, 2025
- Foreclosure Date: December 5, 2025
- Shut Period: December 4-5, 2025
Deccan Gold Mines Ltd.
- Ex Date: December 9, 2025
- Book Closure/Record Date: December 9, 2025
- Foreclosure Date: December 9, 2025
- Shut Period: December 8-9, 2025
Impact Assessment
Medium impact on SLB market participants holding positions in these two securities. Participants must close or roll their positions before the foreclosure dates. The shut period restricts new SLB transactions, potentially affecting liquidity and trading strategies for these specific stocks during the rights issue period. Impact is limited to holders of these two securities in the SLB segment.
Impact Justification
Affects SLB participants holding positions in two specific securities undergoing rights issues, requiring foreclosure during the book closure period