nowadays i hear so many companies in IBC process …is it compulsorily delisting in this act or what are the options in cases like electrosteel steel ltd ,bhushan steels ltd ,essar steels ltd .
Electrosteel steel opted for Voluntarily d listing after reduction in equity wherein Orchid pharma opted for being listed after reduction in equity by reducing face value from 10 to 0.0456 thus 219.29 share will become 1 share . something very similar is being processed in Assam co .
Orchid pharma is being re-listed after 465 days on 2 November 2020 in Z group .