I want to know, If NSE companies are going to be unlisted or tradingsymbol is going to be changed. Is there any page on NSE website, where I can find the information in advance?
Events like
Today, GDL On NSE got unlisted, I think. Also few months back Angel Broking changed its trading symbol.
Such things generally appear in NSE corporate announcements. For GDL there was following announcement yesterday:
https://www.nseindia.com/companies-listing/corporate-filings-announcements
But it would be tedious going through all the announcements daily.
Ohh, there is no CSV file or something? Thats sad. Anyway, thanks for sharing it 
I was wondering, When a company gets unlisted, do we get informed? I buy shares using API, so I don’t get nudge from Zerodha also.
A company can get delisted either voluntary and involuntary.
In case of voluntary there is a major process which is followed and it takes place over a period of time. Example Vedanta - There are so many procedures set by SEBI that the minority interest are well protected. When the company like Vedanta was proposed voluntary delisting, there was so much hue and cry and hence any shareholder will come to know of this until and unless the shareholder has totally forgotten about his holding and not following up.
In case of Involuntary delisting, there are rules and the promoters are required to buy back the shares at the value determined by an independent evaluator
Found a paper from SEBI website which is quite informative
Thanks for great information @neha1101
BTW, is vendanta still getting delisted in the future? Just saw the news Vedanta delisting: Vedanta delisting fails; company to return all the shares tendered - The Economic Times
@KD61 Vedanta promoters wanted to get delisted at 87.50 (peak of corona) and then the beauty of SEBI rules came in regarding 90% and price to be determined by “price discovery”.
As per rules, after the delisting exercise, the promoters should be holding 90% of the shares. Only if this parameter is met, does the delisting be termed success and then price discovery will follow. Vedanta could not manage the 90%. Also LIC quoted a price of 320 (approx) which the promoters could not accept.
Hence the delisting failed miserably.
After the fiasco, the promoters are slowing building up their holdings. AT the time of delisting the promoters held only 51%. Since the delisting failed they have been buying from the open market and now their holding is 65%.
This group is not ethical at all. I was a shareholder of Vedanta. The beauty of the company was the dividend yield they used to give out. Hence even the price fell to an all time low below 75 (approx), it did not bother me. However then the promoters dropped the bombshell and many retail investors started selling in the range of 110 fearing the delisting. This was an experience for me too.
There were so many proxy advisory firms who went gun blazzing against the promoters and the board of directors who were supposed to take care of the interest of the minority shareholders but they simply obeyed what the promoters did. Mind you, the board of directors had women/men of great standing and integrity, but still they failed to follow the fiduciary duties. After the Vedanta delisting exercise, SEBI even amended the rules where Board of Directors should put on record their views on the delisting. This is now mandatory. In the case of Vedanta, they just accepted and passed it on to shareholders for their voting.
Vedanta experience made me understand the importance of promoters integrity irrespective of the dividend yield they give out. The high dividends that they used to pay was because of their debt in their holding company. The group is unethical in all counts. After the demerger announcement, they created 13,000 crore of provisions so that the book value of the company could be reduced. They put the blame for provision (a book entry) on corona pandemic. Vedanta gave loans to promoters holding company. Shareholders money given away as loan to promoters own company.
The things these guys have done so openly, it is surprising. Hindustan zinc is also owned by the same group. Recently Hindustan Zinc postponed their board meeting for dividend declaration. The secret reason was because Vedanta promoters were buying additional shares. Vedanta owns majority in Hindustan Zinc.
The most catching phrase which one MF head said was “Anil Aggarwal should not steal from the retail investors and do charity”
I am so happy that I have exited this group at a reasonable profit.
You can download CSV from the link. Ideally lot of companies do send out such communication to investors on email too. But varies from company to company.
