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Compulsory Delisting Of 94 Companies From BSE Announced From December 1

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After the trading has remained suspended in some 87 companies from 3 years and others in the list include 7 companies that have been delisted from NSE .

Compulsory Delisting Of 94 Companies From BSE Announced From December 1
 

Know how delisting of companies from stock exchange affect shareholders here.

Consequently, the scrips of these companies shall no longer be available for trading. Also, the company as a whole with its all time directors and promoters shall be barred from accessing the capital markets for a period of 10 years from the date of compulsory delisting.

For the public shareholders of these companies which shall now cease to exists on the exchange, promoters of these companies will have to buy back these shares from them at a fair price decided by the appointed valuer.

As per the directive of the SEBI, for a period of 5 years all these companies shall move to dissemination board of exchange for a period of 5 years.

Goodreturns.in

Read more about: share delisting bse nse promoters
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