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Can I sell my 600 Essar Oil shares delisted from NSE/BSE?

Samraat Jadhav |2338 Answers |Ask -Follow

Stock Market Expert - Answered on Sep 03, 2024

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more

Question by Lino on Sep 01, 2024Hindi

Money

Hello , I have 600 shares of Essar Oil Limited in my Dmat. As these shares are no longer on NSE /BSE, please advise if they can be sold and how they can be done . Thanks in advance , Lino

Ans: they cannot be sold, you need to wait for the relisting

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Sir, I had 21000 (twenty one thousand shares of Electrosteel steels limited in my demat account with icici direct.com. Vedanta purchased the company in 2018 and the number of shares was reduced to 420 (Four hundred and twenty only) shares only. Company delisted the shares of Sir, how I can sell my shares. The value in my demat account with icici direct is showing as 0 (ZERO). Where my shares have gone? How can I sell my shares? What happened to my shares valuing Rs.47000/- approximately? What can be done in this regard? Would you please guide me in this regard!

Ans: Hi Anurag,
sorry to hear about the incident happened with you. But the stock holding is there in your account, so practically the shares are there, the only problem is that the company got delisted from exchanges hence its not freely tradable. You need to wait till the time the company get relisted again or else contact the company directly if they are interested to buy the shares off-market.

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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I have Some physical shares which are not trading, can still get them dematerialize. The Stocks Name as follows: 1) Bindal Textile Mills Ltd (514026) 2) Good Value Marketing Company Ltd. (500167) 3) Indu Nissan Oxo Chemicals Industries Ltd. (500208) 4) Protech Electromech Ltd. (---) 5) Richimen Silks Ltd. (514048) 6) Satkar Electronics Ltd. (517488) In Demat form: Not Trading: 1) Punj Lloyd Ltd (532693) 2) Shree Ashtavinayak Cine Vision (532793) Kindly inform me what to do with them. Nihar, Vadodara

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Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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I have Essar steel shares of INR 5000 from year 2005 (hardcopy paper based). As Essar steel has closed now, please guide how to proceed with these shares.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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