What will happen to Amtek Auto shares?

What will happen to Amtek Auto shares?

Amtek Auto has received both stock exchanges namely BSE and NSE approval for delisting its equity shares according to the resolution plan that has been approved by NCLT under Insolvency and Bankruptcy Code, 2016. The company will be delisted from stock exchanges with effect from September 27, 2021.

What does it mean if shares are suspended?

What Is Suspended Trading? Suspended trading occurs when the U.S. Securities and Exchange Commission (SEC) intervenes in the market to halt trading activity due to serious concerns about a company’s assets, operations, or other financial information.

Who is buying Amtek Auto?

fund Deccan Value Investors (DVIL)
Mumbai: US hedge fund Deccan Value Investors (DVIL) has transferred Rs 500 crore, the amount of cash required to complete the acquisition of bankrupt auto parts maker Amtek Auto.

What happens after a stock is suspended?

Once suspended, the stock is no longer traded on the exchanges. Suspended stocks held by you will not be visible on Kite but you can check them on Console. A stock can be suspended from the exchanges due to non-compliance with regulations. Once suspended, the stock is no longer traded on the exchanges.

How Long Can shares stay suspended?

The federal securities laws generally allow the SEC to suspend trading in any stock for up to ten business days. This bulletin answers some of the typical questions we receive from investors about trading suspensions.

What happened to Amtek Auto shares?

Can I sell a suspended stock?

When it comes to over-the-counter securities, broker-dealers cannot solicit investors to buy or sell previously suspended securities until certain requirements are met, but unsolicited trading is permitted.

How long do stocks stay suspended?

A trading halt occurs in the U.S. when a stock exchange stops trading on a specific security for a certain time period. The halt, which can happen a few times a day per security if FINRA deems it, usually lasts for one hour, but is not limited to that. Trading halts can happen any time of day.