Market regulator Securities and Exchange Board of India (SEBI) has introduced a major overhaul of the block deal framework for stock exchanges, setting a minimum trade size of Rs25 crore and establishing two dedicated trading windows with tighter price bands and enhanced disclosure requirements. The regulator said the move is aimed at improving transparency and efficiency in the execution of large trades. Under the new framework, stock exchanges can operate block deal windows between 8:45am and 5pm, with two separate session’s morning and afternoon, designated for large trades. The morning session will run from 8:45am to 9am, with the reference price linked to the previous day’s closing price. The afternoon session will operate between 2:05pm and 2:20pm, with the reference pric

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