SEBI Proposes Stricter Block Deal Framework with Higher Minimum Order Size
India's Securities and Exchange Board (SEBI) has unveiled draft proposals to overhaul block deal trading, targeting increased market stability. The minimum order size WOULD jump 150% to ₹25 crore ($3 million), while price bands diverge for F&O and non-F&O stocks—±1% versus ±3% respectively.
Morning sessions will execute at previous close prices, while afternoon windows peg to VWAP metrics. The reforms emphasize compulsory delivery, banning square-offs, as regulators seek to accommodate market growth without sacrificing oversight. Public comments are due by September 15.