In the matter of Delisting of Equity shares of Sindhu Trade Links Ltd

Last updated: 19 November 2020

Save Share

Quick Summary

The Securities and Exchange Board of India (SEBI) issued an order concerning the delisting of equity shares of Sindhu Trade Links Limited (STLL). STLL applied for exemption from certain delisting regulations, arguing that granting the exemption would be in the interest of minority shareholders and that denying it would be detrimental to the company, its promoters, and public shareholders. The company cited concerns about its stock valuation not reflecting its business operations and expertise, and alleged manipulation of share prices by some public shareholders through trading minuscule volumes.

Court :
SEBI

Brief :
Sindhu Trade Links Limited (“STLL” / “Applicant” / “the Company”), is a company incorporated under the Companies Act, 1956 on July 22, 1992, having its registered office at 129, Transport Centre, Rohtak Road, Punjabi Bagh, New Delhi - 110035. The equity shares of the Applicant are listed on BSE Limited (“BSE”).

Citation :
WTM/GM/CFD/ 49 /2020-21

Daily Limit Reached