NSE to move 14 companies to dissemination board from Nov 23

Leading stock exchange NSE said it will move 14 companies that have been compulsorily delisted to the dissemination board (DB) from today.

"Sebi has advised to move these compulsory delisted companies to the Dissemination Board of the exchange," NSE said in a circular.

The companies are Chemox Laboratories, Cepham Milk Specialities, Damania Capital Markets, Dataline and Research Technologies, Grapco Industries, HMG Industries, Mandu Industries, Nova Steel India, Rajinder Pipes, Rajinder Steels Rupangi Impex, Sanderson Industries, Sunstar Lubricants and Zen Global Finance.

"Members are requested to note that these delisted companies shall be moved to the DB of the exchange effective November 23, 2016... and shall be made available for buying and selling on Dissemination Board," the exchange said.

Compulsorily delisted firms are moved to the dissemination board where it is available for buying and selling by investors.

Bourses have been making efforts to delist companies suspended over long period of time while market regulator Sebi is also planning to push for delisting of over 4,200 listed firms whose shares are not being traded.