Regulatory Alerts2025-10-08
Review of Block Deal Framework
The Securities and Exchange Board of India (SEBI) has modified the existing Block Deal Framework to introduce specific trading windows and pricing mechanisms for large trades. The revised rules establish a morning window from 08:45 AM to 09:00 AM based on the previous day's closing price and an afternoon window from 02:05 PM to 02:20 PM based on the volume-weighted average price. These provisions apply to both T+1 and optional T+0 settlement cycles, mandate a minimum order size of INR 25 Crores, and require implementation within 60 days of issuance.
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