Delhi High Court on Tuesday issued a notice to Centre and SEBI on the delisting of non-promoter shareholding for Rs 1 crore while hearing a plea by 24 minority shareholders of Jaypee Infra against extinguishment of shares.

Share Market Live

NSE

The shareholders told the High Court that over 39 percent of the shareholding is public, which was bought prior to the initiation of the corporate insolvency resolution process (CIRP).

"The resolution plan will cause irreparable harm to public shareholders and the entire investment made by public shareholders through hard-earned money will be wiped out," they said.

Also Read | CNBC-TV18 Exclusive: LIC Housing, Barbeque Nation under SEBI lens on preferential issue proposals

First Published:Jul 13, 2021 12:47 PM IST