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UTV Software To Delist Itself From NSE, March 9 Onwrds

Stirs occurred in the media and entertainment world, when UTV Software Communications decided not to trade on National Stock Exchange from March 9 onwards due to a voluntary delisting by the company.

UTV Logo
UTV Software Communication

 With UTV, Carol Info Services has also been stopped for trading on NSE which is a producer of nutraceutical and milk-based products. Both the companies have started their respective delisting processes last month.

Walt Disney from USA had offered Rs 835.03 – 1,000 a share for UTV Software shares, while the Khorakiwala Group had opened delisting offer for shares of the group firm Carol Info Services for Rs 106 a piece.

UTV Software Communications and Carol Info Services would be disqualified from S&P CNX 500 Index, while Indiabulls Real Estate and L&T Finance Holdings Ltd respectively would be included in the index.

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