SINTEX Industries Limited to be delisted
Companies get delisted from stock exchanges for many reasons. When delisting happens, you can no longer trade the securities of the de-listed company on stock exchanges ( BSE and NSE).
As per a recent exchange filing, Sintex Industries has unanimously voted in favour of the resolution plan by Reliance Industries and ACRE. As per Resolution Plan, the existing share capital of the company will be reduced to Zero and the Company will be delisted from the stock exchanges i.e. BSE and NSE.
For the above-mentioned reason and to avoid market complications, BSE and NSE notified that the SINTEX securities will be suspended from trading w.e.f. 22-Mar-2022.