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Tuesday, August 16, 2016

National Stock Exchange(NSE) to delist 14 companies from Aug 31,2016

NSE is delisting as many as 14 companies from its platform from August 31, 2016 as these entities are in the process of winding up their respective businesses.

The companies to be delisted are — Chemox Chemical Industries, Ganapati Exports, Hamco Mining & Smelting, Mansukh Industries, Mardia Chemicals, Mardia Steel, Moolchand Exports, Motorol, Pal Peugeot and Ponni Sugars (Orissa).

Prudential Capital Markets, SIV Industries, SMZS Chemicals and Vibrant Investment and Properties are also among the companies on the list.

“It is hereby notified that it has been decided to delist (withdraw the admission to dealings in) securities of the...companies with effect from August 31, 2016, as these companies are under liquidation,” NSE said in a circular.

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