BSE to suspend trading in 8 cos

The Bombay Stock Exchange (BSE) has decided to suspend trading in the securities of eight companies for non-compliance with clauses of the Listing Agreement.

The trading in these firms will be suspended from July 19,the Exchange said in a release here today.

The companies,which had failed to comply with various provisions of the agreement up to the quarter ended September 2009,are Hytone Texstyles Ltd,Mukat Pipes,ORG Informatics,Parsoli Corporation,Rishab Financial Services,Shamrock Industrial Company,Typhoon Holdings and Voltaire Leasing & Finance Ltd,the release said.

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The BSE,however,said in case a company complies to the satisfaction of the exchange,with all the provisions of the agreement on or before July 9,2010,then trading in its securities will be suspended for 5 days — up to July 23.

In case a firm complies with all the listing provisions on or before August 3,then the trading in its securities will be suspended for 30 days — up to August 17.

However,in case a company fails to comply with the listing agreement norms to the satisfaction of the exchange on or before August 3,then the suspension will continue till such time the firm complies with the procedure prescribed for revoking suspension,the release added.

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Bombay Stock Exchange

‘Violence in Nepal is heart-rending’: PM Modi expresses concern as KP Sharma Oli resigns

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