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Reduction of Share Capital

Overview


Reduction of share capital simply means a reduction of issued, subscribed, and paid-up share capital of the company. A company can reduce its share capital, by making payments to shareholders at the Fair Value of Companies shares. Capital reductions of Shares are mostly done through share cancellations, paid-back capital, or share repurchases (buybacks and exit offers). Reduction of share capital is used to make the capital structure more efficient & easier. The capital reduction can be used to distribute surplus cash, reserves & dividends to shareholders. A company must comply with rules & regulations and must obtain Regulator's & Legal authority’s approvals, before reducing share capital.

Many Unlisted and Delisted companies opted for a reduction of share capital in India. Details of some companies where shares of Minority shareholders were canceled or reduced are as under.


Company Name Scrip Name Sector Last Traded Price (LTP)
Healthcaps India Limited HEALTHCAPS Healthcare 227.00
Manjushree Plantations Limited Manjushree Plant Hotel or Catering 9.99
Yokogawa India Limited YOKOGAWA Electric Equipment 923.20
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