SEBI to Enable T+2 Day Trading of Bonus Shares from Oct 1, issues Circular

SEBI issued a circular announcing the implementation of T+2 day trading for bonus shares, starting October 1. This change allows bonus shares to be available for trading within two days of their issuance, improving liquidity and enhancing shareholder access to such shares in a shorter timeframe. The circular aims to boost market efficiency, ensuring that investors have quicker access to trading after corporate actions like bonus issues. This reform aligns with SEBI's efforts to reduce the settlement period and streamline operations in the stock market.