BSE, NSE to Suspend Share Trading of Nine Companies
It has come to a shock that BSE and NSE, the leading stock exchanges are going to suspend trading in shares of nine companies. Among these companies, banking fraud accused Mehul Choksi's Gitanjali Gems is also included.
The trading of Gitanjali will be suspended from 10 September 2018 for not following the listing norms related to the submission of financial results. The trading is being suspended because of companies’ inability to comply with the regulations of LODR (Listing Obligations and Disclosure Requirements) regulations for two consecutive quarters.
The firms whose stocks will be suspended for trading are as follows:
- Gitanjali Gems
- Easun Reyrolle
- Amtek Auto
- Panoramic Universal
- Haryana Financial Corporation
- Thambbi Modern Spinning M...