Deepak Spinners delists from Calcutta Stock Exchange

Chandigarh-based textile firm Deepak Spinners today announced that it has voluntarily delisted from the Calcutta Stock Exchange, effective July 3.
"Deepak Spinners Ltd has informed BSE that voluntary delisting of under SEBI (Delisting of Equity Shares) Regulations, 2009, of the listed equity shares of the company has been granted by Calcutta Stock Exchange.
"Hence, the company is delisted from Calcutta Stock Exchange with effect from July 3, 2015," the company said in a filing to the Bombay Stock Exchange (BSE).
Deepak Spinners had earlier announced that the Board of Directors of the company, at its meeting held on 29 May 2015, had considered that its equity shares were listed on Bombay and Calcutta Stock Exchange and that there was no trading of equity shares at Calcutta Stock Exchange since many years.

After due consideration of the matter, it was decided by the Board that in terms of SEBI (Delisting of Equity Shares) Regulations, 2009, amended till date, the equity shares of the company be delisted from the Calcutta Stock Exchange.
The Board, however, decided that the shares will continue to be listed with the Bombay Stock Exchange, which has nationwide terminals and the investors have access to trade and deal in the company's equity shares across the country.
Post the announcement, Deepak Spinners' scrip was trading 3.19 per cent up at Rs 56.60 apiece during afternoon trade on the BSE.