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If a company is delisted, you are still a shareholder, to the extent of a number of shares held. And yet, you cannot sell those shares on any exchange. However, you can sell it on the over-the-counter market. This means you can look for a buyer outside the stock exchange.
Why Adani Power shares are falling?
Why are Adani Group stocks falling? The reason behind the reversal of fortune was media reports that claimed that the National Securities Depository Ltd has frozen the accounts of three foreign funds that had invested heavily in Adani Group stocks.
The term “delisting” of securities means removal of securities of a listed company from a stock exchange. As a consequence of delisting, the securities of that company would no longer be traded at that stock exchange.
Is Adani Power in debt?
#1 Adani Power The company has total debt amounting to ₹650,263 m as of March 2021. Its net worth during the same period stood at ₹4,976 m.
The company attributed the gains to the rising electricity demand. “Rise in PLF was a result of improved power demand in various States apart from better tariffs and volumes in the merchant and short-term markets,” said APL’s statement.
Will Adani Power delist its shares from exchanges?
Sebi is scrutinising Adani Power’s proposal to delist its shares from the exchanges, potentially intensifying woes for the Adani Group that is currently facing a wider probe by the watchdog. Last June, the board of Adani Power approved the voluntary delisting proposal by buying back shares at ₹33.82 apiece.
Why is SEBI so obsessed with Adani Group?
As a regulator, the Stock Exchange Board of India (SEBI) has to protect the common investors, they say. Another reason is that they smell a scam. Adani Group was involved in the Loan Against Shares (LAS) scheme and got huge amounts of loans from Public Sector Banks.
What is the case against Adani Enterprises?
The CBI accused Gautam Adani-led Adani Enterprises of totally violating tender norms, even without quoting the price and bagging the order by removing other participants illegally. In the tender Adani Group even put a Benami firm to rig the tender procdures [1].
What is the Adani Group’s total loans?
Adani Group was involved in the Loan Against Shares (LAS) scheme and got huge amounts of loans from Public Sector Banks. It is reported in Corporate circles that more than Rs.41,000 crores were obtained by pledging shares and Adani Group’s total loans has reached around Rs.