Listed companies - illquid script

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2013 Dear Sir,
We are listed on NSE & BSE our share have been put under CALL AUCTION Mechanism and companies shares are stop from tradeing.

My Query is:
1) What is CALL AUCTION Mechanism?
2) What is the purpose of Mechanism?
3) What is the maxmimum period for the Mechanism?

I'll be waiting for your ans.
Thanks

CS M.Kurtrala Nathan

CS M.Kurtrala Nathan (Expert)
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12 April 2013 In the securities market, this procedure replaces the method of continuously matching orders. Buyers set a maximum price at which they will buy the shares and sellers set a minimum price at which they are willing to sell the stock shares. Advantages of call auctions include a decrease in price instability.

Purpose is to prevent the price manipulation.

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