Mumbai: Leading stock exchange BSE has decided to transfer scrips of as many as 45 companies to the restricted trading segment from January 6 to safeguard interests of investors.

The stocks to be moved to the 'T' group include White Diamond Industries, South Asian Enterprises, Adi Rasayan and Chambal Breweries & Distilleries Ltd. The stock exchange said it would be shifting 45 scrips to the trade-for-trade or the 'T' group segment. Under the trade-for-trade segment no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.

The move is part of surveillance review and with a view to ensure market safety and safeguard the interest of investors, the exchange said. Besides, BSE warned trading members to take adequate precaution while trading in these securities, "as the settlement will be done on trade-to-trade basis and no netting off will be allowed." Further, it said that the "transfer of security for trading and settlement on a trade-to-trade basis is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company".

These stocks would attract a price band of 5 per cent, which would be the maximum permissible limit within which the share price can move. Also, BSE said that a total of 236 scrips including Zodiac Ventures, Universal Credit & Securities, Oswal Overseas and Microse India will continue to trade in the restricted trade segment. In a circular, National Stock Exchange (NSE) said it will move ATN International, Birla Cotsyn (India) and NRB Industrial Bearings to the restricted trading category from January 6.