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Delist Company from One/ All Stock Exchange

The process of taking a company’s shares off the stock exchange is delisting. A Listed company desirous of getting unlisted must Delist its shares through an open offer to its shareholders for delisting and stop trading of its shares thereafter. The Public shareholder is being provided with an opportunity to exit through this Open Offer in which promoters is required to acquire at least 90 % stake before delisting securities from a stock exchange.

Compulsory Delisting: A listed company is compelled to delist its securities due to non-compliance with the listing agreement.

Voluntary Delisting: A company seeking delisting from a stock exchange on its own motion.

UNDER CHAPTER VII (SMALL ROUTE)

  • For a company with paid-up capital up to one crore and its shares were not traded for one year in any recognized stock exchange, Delisting under CHAPTER VII (SMALL ROUTE) is applicable.
  • It is also applicable, where a company has not more than three hundred public shareholders with the paid up share value of up to 1 crore. A merchant banker is appointed to decide an exit price which is offered to the public shareholders.
  • A proposal is sent to all public shareholders seeking their consent for delisting.
  • Positive consent from at least 90% shareholders is required before finalizing of the proposal.
  • Payment is made in cash within the stipulated period to complete the delisting process.

Reverse Book Building Route

  • Reverse book-building route makes delisting easier for companies. It reduces the timeline for delisting to 76 working days which was earlier 117 calendar days.
  • Five working days are be given to stock exchange to give in-principle approval for delisting.
  • Participation of Minimum 25 % public shareholders is needed in the reverse book building process.

Delisting From Regional Stock Exchange

  • A notice is issued to the Board of Directors for convening a meeting to pass a resolution for Board approval for Delisting.
  • For member approval, a notice is sent twenty-one days before convening the General meeting.
  • A certified copy of the board resolution is submitted to the stock exchange.
  • It is followed by the filing of required forms with the concerned registrar within 30 days along with the requisite fee, explanatory statement, notice of convening meeting, and certified copy of the resolution.
  • Public notice is published mentioning the floor price, process of determination of this price, exchange from which the company is delisting, opening and closing date of the offer, bidding centers, market price of the securities for preceding three years, and shareholding pattern. This notice should be signed by the promoter.
  • Arrangements are made for buying back the securities from the holders. The purchase price is calculated as per SEBI Guidelines.
  • Circular (offer to buy shares) is sent to every shareholder of the company from the stock exchange where it is delisting.
  • The service of a Merchant Banker are required for determining exit & final offer price, appointment of trading members, arrangement of biding centers, and settlement process.

CCV India is a SEBI Registered category – 1 Merchant Banker helping companies comply with the regulatory requirements of the delisting process. We offer consultancy services for Delisting of companies or shares from the stock exchanges.

Advisory For New Listing

NSE

The National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai. We provide services to get your company listed on NSE.

BSE

BSE is asia premier and oldest stock exchange and we provide services to list companies on BSE.

MSEI

MSEI is a youngest full-service nationwide stock exchange and we serve our clients to get their companies listed on MSEI.

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Public Issue

We handhold the Company and Management throughout the Process of getting their Company Listed on Stock Exchanges and raise funds through IPO.

Valuation & Business Modelling Services

We make decision making simple by Assessing Valuation of Shares/Business in addition to Compliance of Regulatory requirements.

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M&A Advisory

We as Intermediaries of Transaction make sure that both the parties are in a win-win situation within the scope of Applicable Laws.

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Services under IBBI

We act as Deal makers for ‘to be Insolvent companies’ by fuelling necessary support at appropriate time and creating opportunities for our Investors

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ESOP Advisory Services

We as ESOP Advisors formulate schemes favourable to both Employers and Employees and make sure smooth implementation.

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Corporate Restructuring

We advise our clients to have the most appropriate Corporate structure best suited with the organisation.

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Fund Raising Services

We raise funds both through Equity and Debt for Start Ups and Sustained Businesses through various platforms.

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Business Acquisition Services

We help our clients to find out Listed/ Unlisted Companies in various businesses, Due Diligence of Target Companies and structuring deals for them.