Delisting kya hai, voluntary vs involuntary delisting, investor kya karein — complete Hindi guide.
Published by The Retail Trader · AUG 04, 2026 · Features
Delisting kya hai, voluntary vs involuntary delisting, investor kya karein — complete Hindi guide.
Delisting = Company ka stock exchange se hat jaana. Ab stock exchange pe trade nahi hoga.
Company khud stock exchange se hatna chahti hai.
Ye do baatein dhyaan mein rakho:
• Reasons: Promoter wants full control, merger/acquisition, cost cutting
• Process: Board approval → Shareholder vote → Reverse book building → Exit offer
SEBI/Exchange company ko forcefully hataata hai.
Ye do baatein dhyaan mein rakho:
• Reasons: Non-compliance, fraud, minimum public shareholding nahi
• SEBI rules: Companies must maintain 25% public shareholding
Voluntary delisting mein RBB process hota hai:
• Company floor price announce karti hai
• Shareholders bid karte hain (floor price ya above)
• Highest bid price pe buyback hota hai
• Minimum 90% shareholders agree karna chahiye
Delisting Announced:
• Hold karo — Price usually badhta hai delisting ke baad
• RBB mein bid karo — Maximum price pe bid karo
• Exit offer ka wait karo — Promoter must buy at discovered price
Delisting Already Hua:
• OTC market — Off-market deal possible
• Company se contact — Direct sale possible
• Wait — Sometimes relisting hoti hai
Ye teen baatein dhyaan mein rakho:
• Vedanta — Year: 2023 (attempted), Reason: Promoter wanted full control, Price: Failed
• Hexaware — Year: 2020, Reason: KKR acquisition, Price: ₹475/share
• Majesco — Year: 2021, Reason: Sale of business, Price: ₹843/share
Ye baatein dhyaan mein rakho:
• 📌 DELISTING
• 📊 Stock exchange se hatna
• TYPES:
• 📊 Voluntary — Company khud hatna chahti hai
• 📊 Involuntary — SEBI forcefully hataata hai
• PROCESS (VOLUNTARY):
• 📊 Board → Shareholder vote → RBB → Exit offer
• RBB (REVERSE BOOK BUILDING):
• 📊 Floor price → Shareholders bid → Highest price pe buyback
• INVESTOR ACTION:
• ✅ Hold karo (price badhta hai)
• ✅ RBB mein maximum bid karo
• ✅ Exit offer ka wait karo
• ❌ Panic sell mat karo
• SEBI RULES:
• 📊 Min 25% public shareholding mandatory
• 📊 Voluntary delisting mein exit offer zaroori
Ye baatein dhyaan mein rakho:
• SEBI Guide | Share Market Kya Hai? | Stock Split Bonus Buyback
The Retail Trader — educational market analysis. Not investment advice.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.