December 25, 2012

Market Pulse, Dec 25 2012


Tue, Dec 25, 2012
Markets are closed today due to Christmas Holiday.
Trading will resume on Wednesday 26th December 2012.

BSE to suspend trading of 31 companies.
Bombay Stock Exchange (BSE) will be suspending trading of 31 companies shares. These companies have not fulfilled the Exchanges requirements for continuous listing till the quarter ended 2012.

"Trading in securities of these 31 Companies will be suspended with effect from January 16, 2013 (being 15 trading days from issue of notice), on account of non-compliance with the provisions of the listing agreement," BSE said.

The companies facing suspension include Aditya Forge, Aster Silicates, Indo-Pacific Software & Entertainment, TeleCanor Global, Prime Industries, Ellora Paper Mills, Sarang Chemicals, Linkhouse Industries and Mahalaxmi Seamless.

Other companies include Gujarat Meditech, Marvel Capital & Finance (India) Ltd, Socrus Bio Sciences, Powersoft Global Solutions, TeleCanor Global and Silktex.

The exchange said if these companies comply with listing provisions on or before January 8, trading in their securities would be suspended for five days up to January 22.

However, If they fail to do so, the suspension would continue till such time the company complies with the procedure laid for revoking suspension, it added.
Courtesy: Business-Standard

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