why drive motor ( additionally Novartis ) will not be being traded at NSE since October 2023 … is it due to expiry of “Permitted to commerce class” period …as like shares of Abbot lab , Bayer crop and many others that are traded however not listed at NSE.@ShubhS9 @KarthikAcharya
You’re right that Power Motors hasn’t been traded on the NSE (Nationwide Inventory Alternate of India) since October 2023.
The explanation for Power Motors’ suspension from the NSE is because of the expiry of its Permitted to Commerce class period. This class permits unlisted firms to commerce briefly on the alternate below particular circumstances. As soon as the permitted interval ends, buying and selling routinely stops until the corporate takes steps to get listed formally.
Listed here are some particulars in regards to the scenario:
Expiry of Permitted to Commerce class: Power Motors obtained the Permitted to Commerce standing on the NSE in 2017. This standing usually lasts for 3 years, with the potential of one extension upon approval. The corporate’s permitted interval probably expired in October 2023, resulting in the buying and selling suspension.
No official itemizing on NSE: Power Motors will not be formally listed on the NSE. Official itemizing includes fulfilling stricter compliance necessities and present process a proper itemizing course of.
Buying and selling continues on BSE: Whereas suspended from the NSE, Power Motors continues to commerce actively on the BSE.
As of at the moment, January 9, 2024, there’s no official replace on whether or not Power Motors is planning to get listed on the NSE or get hold of one other Permitted to Commerce standing. Buyers within the firm ought to keep watch over official bulletins from the alternate or the corporate itself for any developments.
It’s essential to notice that the suspension from the NSE doesn’t essentially suggest any unfavorable points with the corporate. It’s merely a consequence of the permitted buying and selling interval ending. Nonetheless, the restricted buying and selling choices on the BSE would possibly have an effect on market liquidity and make it more difficult for some buyers to purchase or promote Power Motors shares.
I hope this clarifies the scenario and offers useful info. In case you have any additional questions on Power Motors or inventory market dynamics in India, be happy to ask!
Right here’s a breakdown of the similarities and variations:
Similarities:
All three firms (Power Motors, Abbott Labs, and Bayer CropScience) should not formally listed on the NSE.
All of them obtained the Permitted to Commerce standing, which permits them to commerce briefly on the alternate below particular circumstances.
Their buying and selling on the NSE is topic to the expiry of the Permitted to Commerce period, usually three years with a potential one-year extension.
Variations:
Present buying and selling standing: Whereas Power Motors’ Permitted to Commerce interval expired in October 2023, resulting in its suspension, Abbott Labs and Bayer CropScience’s permitted intervals are nonetheless energetic, permitting them to proceed buying and selling on the NSE.
Market capitalization: Power Motors is a smaller firm in comparison with Abbott Labs and Bayer CropScience, which could clarify why it didn’t pursue an official itemizing on the NSE after the Permitted to Commerce interval ended.
Disclaimer:This info is absolutely given by BARD (Google).
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MUCH APPRECIATED . thanks for the detailed info .