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India: Bombay Stock Exchange drops 10 stocks from revised forward list (345).
Our Bureau
MUMBAI, Aug. 28
THE Governing Board of the Bombay Stock Exchange on Friday dropped 10 less liquid of the 27 shares which it proposed to bring into the carry-forward list in a revision. It has also decided to review the criteria by the year-end for any future reshuffle in the group. The move follows the Securities and Exchange Board of India taking exception to the decision which was taken without adequate representation in the meeting of the index committee.
There were allegations that of the newly-selected 27 stocks, less liquid stocks which did not fulfill the criteria were also included into the Specified group. The inclusions will …
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