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Home / News / Business News / BSE will 'compulsorily' delist 200 firms tomorrow
  • Business

    BSE will 'compulsorily' delist 200 firms tomorrow

    Anish Chakraborty
    Written by
    Anish Chakraborty
    Mail
    Last updated on Aug 22, 2017, 03:34 pm
    BSE will 'compulsorily' delist 200 firms tomorrow
  • The Bombay Stock Exchange (BSE) notified via three different circulars that from tomorrow i.e. Wednesday, it will be delisting 200 firms belonging to various sectors.

    Furthermore, it will also ban the promoters of these firms from accessing the securities market for a period of 10 years.

    Here's all you need to know about it.

  • In this article
    Which firms are being delisted? Who are the others? Barring them from securities market
  • BSE

    Which firms are being delisted?

    Which firms are being delisted?
  • The exchange's first circular was directed towards 117 firms that have remained suspended for more than 10 years.

    The circular has notified that as per SEBI regulations, promoters of these companies are required to buy shares back from the public shareholders.

    This buyback will be done in accordance with the fair value set by the BSE appointed independent valuer.

  • NSE

    Who are the others?

    Who are the others?
  • The second BSE circular was issued for 28 firms, which are currently undergoing liquidation or have remained under suspension for more than a decade.

    Finally, 55 firms were addressed in the third circular informing them of their delisting from BSE, as they have been delisted from the National Stock Exchange of India.

  • Circular

    Barring them from securities market

    Barring them from securities market
  • Moreover, BSE notified via these circulars that from the date of their compulsory delisting, full-time directors, promoters and group companies will not be allowed to access the securities market for 10 years.

    They will also be moved to the bourse's dissemination board for 5 years, as advised by Securities and Exchange Board of India (SEBI).

  • Bombay Stock Exchange
  • National Stock Exchange
  • Securities and Exchange Board of India
  •  
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