INDIA: SEBI relaxes India short selling stock criteria

Friday May 31 2013

On 30 May the Securities and Exchange Board of India issued a circular to amend the Securities Lending and Borrowing (SLB) framework originally launched in 2008 for the oversight of india short selling. The amendments to the SLB framework include an increase in the number of stocks that are allowed to be used for borrowing and lending, thus relaxing India short-selling rules.

The Securities and Exchange Board of India announced that it would allow stocks that meet several criteria, including average monthly turnover of at least 1 billion rupees ($17.80 million), to be used under the country`s SLB programme.

The amended rules will take effect on 1 July 2013.

Click on the above link for the SEBI Circular.