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Why should BO mention “Reason” & “Consideration” while carrying out “Off- Market” Trade?

April 26, 2017Bo carrying mention Trade

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Why should BO mention “Reason” & “Consideration” while carrying out “Off- Market” Trade?

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It is a requirement from NSDL and Mandatory to mention in DIS. It is categorically mentioned by them that while one carry out “Off Market” transaction (I.e. a transaction not carried out through official market process.