Saregama Demerger: Digidrive Distributors Lists After Special Pre-Open Session

Shares of Digidrive Distributors were officially listed on both the NSE and the BSE on Jan. 10, 2024.

What Happened: The exchange scheduled a special pre-open session for the Digidrive stock. This unique session’s objective is to mitigate potential volatility and establish the opening price of securities. The session lasts one hour, commencing at 9 am and concluding at 10 am.

See Also: What’s Going On With Tata Motors Shares Today?

On the BSE, the Digidrive share price opened at ₹125, whereas on the NSE Digidrive listed at ₹102. Digidrive Distributors Limited is a result of the e-commerce spinoff from Saregama India. The demerger was announced last year.

The NSE symbol for the stock is DIGIDRIVE where as the BSE scrip code is 544079. The scrip is placed in the Trade-for-Trade segment for the initial 10 trading days. Trade to Trade (T2T) is a stock market segment characterized by mandatory share delivery for all transactions.

Price Action: Digidrive’s share price was down 0.39% to trade at ₹101.60 on Wednesday morning on the NSE.

Read Next: Why Delta Corp’s Share Price Is Slipping After Q3 Results

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EquitiesMarketsMoversTrading IdeasDigidrive DistributorsSaregama