SEBI has placed this consultation paper with objective to seek public comments on the proposals to harmonize the base price for call auction in pre-open session and for setting up price bands for scrips listed on multiple stock exchanges.
In respect of a few illiquid scrips, it has been observed that non-trading of scrip on one of the exchanges and a persistent buy side pressure along with the practice of application of price band on the previous day closing price has been causing significant price divergence in the closing prices of the scrips across the exchanges.
Such divergence also holds the potential of non-trading of the scrip on one of the exchanges.
Public comments are invited on the proposal for harmonization of base price for call auction in pre-open session and for price band of scrips listed on multiple stock exchanges but fail to trade on one or more exchanges.
The comments or suggestions should be submitted latest by July 02, 2026.
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