What happened to Ivrcl shares?
What happened to Ivrcl shares?
IVRCL, that owed more than Rs 14,000 crore to financial and other creditors, was under liquidation as a going concern following an order by the National Company Law Tribunal (NCLT), Hyderabad bench. Currently, IVRCL’s shares are under suspension from trading due to procedural reasons.
Is Ivrcl delisted?
Public Announcement – Delisting IVRCLINFRA : Members of the Exchange are hereby informed that the Exchange on August 27, 2020 has issued public notice in the newspaper for proposed compulsory delisting of equity shares of the company, in term of Regulation 22 (3) of SEBI (Delisting of Equity shares) Regulation, 2009.
What is the share price of Ivrcl?
Stock Summary
| Prev.Close(Rs.) | 0.39 |
|---|---|
| Today’s Open (Rs.) | 0.39 |
| Trade Value | 5481.06 |
| Volume | 14054 |
| Dividend yield (%) | 0.00 |
Can you sell a delisted stock?
If you own delisted shares, you can still sell them on the Over-the-Counter Bulletin Board (OTCBB) or on the Pink Sheets, which have more relaxed regulations and few listing requirements. OTC trading is volatile, and this level of risk is typically not suitable for beginning investors.
Why is delisting bad?
An exchange will typically delist a stock after it has given the company a chance to meet listing standards again. When a company is involuntarily delisted, it is often a bad sign of money or managerial trouble, and it often causes the stock price to fall.
What is the benefit of delisting?
* Delisting of shares may lead to increase in value of other securities listed ( like ADRs, GDRs etc.) ✓ Share Price movement of past 3 years (as evidenced below) specifies that most of the FIIs & DIIs could have bought shares at a price higher than current market price.
What happens if my stock price goes to zero?
A drop in price to zero means the investor loses his or her entire investment – a return of -100%. Because the stock is worthless, the investor holding a short position does not have to buy back the shares and return them to the lender (usually a broker), which means the short position gains a 100% return.
What happened to Ivrcl shares? IVRCL, that owed more than Rs 14,000 crore to financial and other creditors, was under liquidation as a going concern following an order by the National Company Law Tribunal (NCLT), Hyderabad bench. Currently, IVRCL’s shares are under suspension from trading due to procedural reasons. Is Ivrcl delisted? Public Announcement –…