Extinguished shares

General
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What is meant by extinguished shares? Do i get paid for my shares getting extinguished?

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Hey @Akshar

Extinguished shares can be referred to the permanent removal or elimination of shares from a company’s issued share capital. This usually occurs through a corporate action like a Right Issues, share buyback, merger, or restructuring etc.

You won’t receive any compensation or payment for those shares specifically.

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Thanks :+1:.

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TINPLATE will last trade on 18.01.2024 thereafter 10 Tinplate will turn 33 Tata steel in say about 8-10 working days . you may say shares of TINPLATE will be extinguished .