CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many companies will be delisted by Bombay Stock Exchange from 4th July?
A
222
B
214
C
133
D
176
Explanation: 

Detailed explanation-1: -In financial year 2022, a total of over 6, 819 companies were listed in the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) across India.

Detailed explanation-2: -According to data acquired by Finbold, a total of 179 companies have been delisted from the major United States exchanges between 2020 and 2021. In 2021, the number of companies on Nasdaq and the New York Stock Exchange (NYSE) stands at 6, 000, dropping 2.89% from last year’s figure of 6, 179.

Detailed explanation-3: -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.

Detailed explanation-4: -A delisted stock can theoretically be relisted on a major exchange, but it’s rare. The delisted company would have to avoid bankruptcy, solve the issue that forced the delisting, and again become compliant with the exchange’s standards.

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