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Dear Customer,
In our constant endeavour to keep you updated on important exchange circulars; we refer to the NSE & BSE circulars regarding Withholding of sale proceeds of securities in which unsolicited messages are being circulated.
The list of securities in which unsolicited messages are being circulated ("SMS Stocks") are published from time to time on Exchange website thereby cautioning the market participants against SMS tips and to do thorough analysis about the company before investing.
In the recent meeting of SEBI with Stock Exchanges and select trading members in this regard, it has been decided that:-
- Sales proceeds shall be withheld for clients selling SMS Stocks and same will be transferred to the designated bank account earmarked for this purpose.
- There should not be any transactions in these scrips; Likewise no exposure will be available for these scrips.
- The aforementioned shall also be made applicable to all SMS Stocks which may be published by the Stock Exchanges on its website from time to time.
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In case of any queries or clarifications on Current Watchlist please contact your Relationship Manager or write to us at helpdesk@nuvama.com or you can reach us on our customer care toll free number 1800-102-3335.
Your experience matters to us, and we take it personally to ensure you receive the best service every step of the way.
Warm regards,
Team Nuvama*
*Nuvama refers to Nuvama Wealth and Investment Limited |
