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Uttam Value Steels nosedives 20% ahead of delisting on Nov 23

In its regulatory filing on NSE, the company stated that the security code UVSL will be suspended from trading w.e.f. November 23, 2020.

November 20, 2020 3:19 IST | India Infoline News Service
uttam_galva1
Uttam Value Steels on Friday clocked the lower circuit limit after the company announced its delisting starting next week.

At around 3.16 pm, the company's stock was performing at the lower price band of Rs0.20 per piece down 20% on NSE.

In its regulatory filing on NSE, the company stated that the security code UVSL will be suspended from trading w.e.f. November 23, 2020, which means closing hours of trading on November 20, 2020.

The company said, "Delisting of equity shares of the company pursuant to Resolution Plan approved by NCLT under Insolvency and Bankruptcy Code, 2016."

Further, the company said dealings will be also be withdrawn from December 01, 2020, in the same scrip code. 

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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