Currently, if the price discovered through reverse book building is not attractive to the promoter, he may unilaterally reject the price and the whole exercise becomes futile
According to the new proposals, the promoter may now be allowed to make a counter offer to the shareholders
A delisting announcement often leads to a rally in the stock prices of companies
Promoters shares will be frozen if they fail to comply with delisting norms
Of 194 entities thrown off the exchange, BSE doesn't have promoter names or addresses for 168 firms; yet it has ordered all promoters to buy back shares
Trading in the securities of 1,707 listed companies has been suspended on NSE and BSE
In all, trading in shares of as many as 1,021 firms listed on BSE has been suspended for 7 years or more as on June 1
On BSE and NSE, 1,200 companies have been suspended for more than seven years