Dhfl Stock Trade Deferred: Seeing several other well-known companies that are prohibited
2 min readA stock can be suspended from the exchange because of non-compliance with regulations. After being suspended, the stock is no longer traded on the stock exchange. The company’s stock suspension may have its value but it does not always mean that the value of the stock is zero. That only means they are not permitted to trade with exchange (s). The company’s suspension of trade, with exchange, maybe for several reasons but if the company suspended complies with all regulations, suspensions can be revoked and shares can start trading again. Here is a list of top companies that are suspended from trading on exchanges in the past:
DHFL | BSE and NSE have suspended the equity stock trading of the Housing Finance Corporation Limited Board (DHFL). The prohibition will come into force since June 14, whether exchanges are recorded around their respective courts. Circular BSE and NSE add that DHFL on June 9 states that “there is no value caused by equity shares in accordance with the value of the company’s liquidation estimated by registered registered assessors under the bankruptcy and the Indian bankruptcy council (the process of completing bankruptcy for corporate regulations), 2016 “. Stocks continue to be traded in both exchanges even though the company officially informs the exchange of equity shares is zero.
Lakshmi Vilas Bank | The bank in submitting an exchange on November 26, 2020, informed that NSE and BSE will suspend trade in shares. This happened after the Union Cabinet on November 25, 2020, agreed to a merger of the Bank with DBS Bank India. From November 27, 2020, the LVB headquartered the 94-year-old karur was not officially and joined the DBS Bank India, a subsidiary of DBS Bank, Singapore. The RBI has replaced the LVB board on November 17, 2020, after the private sector lenders are placed under the moratorium. Meanwhile, the government issued a notification of Gazettes who told the Lakshmi Vilas Bank Limited scheme (Amalgamation with DBS Bank India Limited), 2020.
Steel Uttam Value | The company was delisted from exchanges, NSE and BSE on November 20, 2020, in accordance with the Hedge Funds resolution plan based in US Carval-LED Consortium. The company said all the issues, subscribing and stock capital of the company such as on the date of NCLT order, including equity shares and preference shares, will stand canceled without payment. Public shares ownership contributed 54 percent in the June quarter of 2020.
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