SEBI proposes harmonized stock pricing
Analysis based on 12 articles · First reported Jun 11, 2026 · Last updated Jun 12, 2026
The proposed framework by India — Securities and Exchange Board of India aims to reduce price divergence in illiquid stocks across exchanges, which could lead to more efficient price discovery and increased investor confidence in the Indian market. This could positively impact trading volumes and liquidity for multi-listed securities.
India — Securities and Exchange Board of India has proposed a harmonized framework for determining base prices and price bands for securities listed on multiple stock exchanges. This initiative aims to address significant price disparities observed in illiquid stocks due to the current independent application of price bands by exchanges. The proposal, which follows recommendations from the Secondary Market Advisory Committee, outlines a mechanism where non-trading exchanges would adopt closing prices from active exchanges, particularly the one with the highest trading volume, to ensure consistency. India — Securities and Exchange Board of India has invited public comments on these proposals until July 2, 2026, with the goal of improving market efficiency and preventing price divergence.
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