SEBI CAS: Framework revised; auction window set, reference price calculation for eligible securities changed - Details
SEBI has revised the Closing Auction Session framework. CAS will run for 10 minutes from 3:30 p.m. to 3:40 p.m. on trading days, with system-controlled order closure and auction-based closing prices. Cash-market reference prices will use the final 15-minute VWAP.
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