Satra Properties (India) Limited has informed the exchange regarding Delisting of Equity shares and Reduction of Equity Share Capital in accordance with the Resolution plan approved by ....
Awaiting price reaction for this filing.
Satra Properties India Ltd has informed the stock exchange that its equity shares are being delisted and the equity share capital is being reduced. These actions are being carried out in line with a Resolution Plan that has been approved (likely by the NCLT under the Insolvency and Bankruptcy Code framework). This means the company is undergoing a corporate restructuring process through an insolvency resolution route. Shareholders are likely to receive consideration or new securities as part of the approved plan, rather than holding shares in the existing listed entity. Existing equity shares will effectively cease to exist as tradable instruments on the exchange.
For shareholders, this typically means the existing shares will be extinguished and replaced with consideration (cash or new securities) as per the resolution plan. The stock will stop trading on the exchange, and investors should review the detailed resolution plan for their specific entitlements and timelines.