Sebi has amended rules pertaining to delisting of equity shares of a company following an open offer as part of efforts to make merger and acquisition transactions for listed companies more convenient
Didi, whose apps, in addition to ride-hailing, offer products such as delivery and financial services, remains under investigation
U.S. authorities are moving towards kicking foreign companies off American stock exchanges if their audits fail to meet U.S. standards.
Vedanta had earlier said the decision to delist American depositary shares from the New York Stock Exchange (NYSE) is aimed at simplification and triggered by the low trading volumes in the security
Sebi's decisions are in the right direction
The instruments representing gold will be called Electronic Gold Receipts (EGRs) and will be notified as securities; Sebi board also approves proposal to amend delisting framework after open offer
There are numerous listed companies which have listed subsidiaries engaged in the same line of business, and equity shares of both entities are actively traded on stock exchanges
This comes after the board of Sebi approved several amendments to delisting norms in March to make the process more transparent and efficient
Prabhat Dairy will be delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said
Following open offer, promoter holding in Vedanta is set to rise by 10%. Currently, promoter group holds 55.1%. Had the maximum 651 mn shares been tendered, promoter stake would have risen to 72.6%
Half a dozen companies have already been delisted compulsorily in 2021
The top US securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with auditing standards
Acquired amount also among highest on record
In its final weeks before President-elect Joe Biden takes office on Jan. 20, the Trump administration has stepped up its hardline stance against China
Regulator Sebi has granted certain exemptions to Pagita Leasing and Finance Company Ltd for voluntary delisting of its equity shares.
Move follows a November 25 gazette notification to this effect, issued by Department of Financial Services, Ministry of Finance
The move shows how a recent bid by the White House to give teeth to a blacklist of Chinese companies allegedly backed by China's military could crimp US investments in the country
Companies particularly in IT space could look re-enter the market given attractive valuations for stocks in the sector
At Rs 8 a share, LVB stock price has almost halved since the merger announcement
The regulator said the practice of giving an indicative price for the delisting bid can be formalised