BSE To Delist 64 Companies From Tomorrow
New Delhi: As many as 64 companies will be delisted from BSE platform from tomorrow as they have remained suspended for more than 13 years, Asia's oldest bourse today said. This is addition to 194 firms already being delisted by the exchange in August.
   Â
The securities of these firms have been under suspension for more than 13 years on account of non-compliance of various clauses of listing regulations.
   Â
"64 companies that have remained suspended for more than 13 years would be delisted from the platform of the exchange, with effect from December 13 pursuant to order of Delisting Committee of the exchange in terms of Sebi (Delisting of Equity Shares) Regulations," BSE said in a circular.
   Â
These scrips will be moved to the dissemination board of the bourse for 5 years as directed by markets regulator Sebi.
   Â
The companies include Ambuja Zinc, Asian Alloys, Elder Telecom, Hindustan Breweries & Bottling and Zenith Steel Tubes and Industries.
   Â
BSE said promoters of these delisted firms will be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the exchange.
Currently, 2,778 firms are traded on BSE.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
