Securities and Exchange Board of India (SEBI) vide circular SEBI/HO/MRD/DSA/CIR/P/2016/110 dated October 10, 2016 has provided following two options to Exclusively Listed Companies (ELCs) of De-recognized / Non-operational / exited Stock Exchanges placed in the Dissemination Board (DB). Upon exercising these two options successfully and subject to the Designated Stock Exchanges being satisfied the names of the ELCs would be removed from the DB.
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Raise capital for listing on Nationwide Stock Exchange
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Provide exit to investors
BSE vide its notice 20161017-18 dated October 17, 2016 informed the market participants about the said SEBI circular which was also made available on BSE website (www.bseindia.com) accessible under following url.
http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20161017-18
SEBI has now issued circular SEBI/HO/MRD/DSA/CIR/P/2017/5 dated January 05, 2017 extending the period, till March 31, 2017, for submitting the plan of action.
Both the SEBI circulars (SEBI/HO/MRD/DSA/CIR/P/2016/110 dated October 10, 2016 and SEBI/HO/MRD/DSA/CIR/P/2017/5 dated January 05, 2017) are attached herewith for ready reference and would be accessible on BSE website.
For further details, you may contact the following at BSE.
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Mr. Atul Dhotre - Manager – Listing
Mail id : atul.dhotre@bseindia.com / direct.listing@bseindia.com
Tel. No.: +91-22-22728934
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Khyati Shah
Deputy General Manager
January 6, 2017 |