Page 2 - Delisting Of Shares

Sebi allows Hexware to extend delisting offer by one more day to Sept 16

The cut-off date for Registrar to provide acceptance details is September 29, 2020, while the settlement date has been revised to September 30, 2020, the filing said

Hexaware Technologies hits 52-week high ahead of closure of delisting offer

The stock hit a 52-week high of Rs 446.70 in the intra-day trade today, after surging 40 per cent in the past three months, as compared to 17 per cent rise in the S&P BSE Sensex

Hexware delisting hangs in balance with 25 mn more shares needed

About 58 mn shares tendered so far, and just a day left to achieve mandatory 90% acquisition target

Hexaware promoter raises $600 mn; to partially use for delisting shares

A voluntary delisting of Hexaware Technologies from the BSE and the NSE is being undertaken

Allcargo shares shed nearly 4% as delisting floor price disappoints

The company on Saturday announced that its promoters have set the floor price at Rs 92.58, which is 19% lower than the firm's last closing price of Rs 114.5 on Monday

Allcargo Logistics zooms 20%, hits 52-week high as Board to mull delisting

The Board will meet on August 27 to consider the delisting proposal

Unsuccessful delisting bids: Euphoric investors get a reality check

INEOS is the latest to see stock tank after failed move

Adani Power gets shareholders' nod for Rs 3,264-cr delisting proposal

Public shareholders hold 96,53,26,374 equity shares, which correspond to 25.03 per cent of the paid-up equity share capital

NSE removes Vedanta from its indices ahead of possible delisting

The stock will be replaced by HDFC Life Insurance Company with effect from July 31. It will be replaced by SBI Cards in the Nifty 100 and Nifty 500 indices

Vedanta, United Spirits: Why are firms opting to delist in the current mkt?

If the trading volumes shrink and the market is failing to reflect the true value of the counter in the price, the listed entity may find it to be very difficult to raise equity capital, analysts say.

NCLAT asks for Sebi reply on new share delisting norms for insolvency firms

The NCLAT direction came while hearing the petition filed by Reliance Industries Ltd, which is seeking waiver in delisting procedure for Alok Industries.

INEOS Styrolution freezes at 20% upper circuit on voluntary delisting plan

The board of directors of the speciality chemicals company is scheduled to meet on August 23 to consider the voluntary delisting proposal

Little hope for investors in stocks delisted by exchanges

When a stock exchange delists companies, it is not exactly good news for investors holding shares of these firms because there is little hope that they will get some value for their holdings. Recently, the National Stock Exchange of India, or NSE, delisted 19 companies including Deccan Chronicle Holdings, Koutons Retail India and Ankur Drugs and Pharma. While there are regulations in place to help the shareholders of these companies, there's little hope that investor may benefit."Most of these company had corporate governance issues. Some of them were heavily in debt. Only in very few cases, there's hope for investors to get some money back. But that will be through a long process," says. Umesh Mehta, head of research, Samco Securities.Experts say that when an exchange delists a company; it is usually because it has violated listed agreement. The exchange has to finally take the step after the companies don't comply with the norms despite repeated follow-ups. "The move is initiated ..