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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)
Ahlcon Parenterals India Limited Ahlcon Parenterals Pharma 0.10
Claris Life Sciences Limited Claris Life Sciences Pharma 1.00
Epiroc Mining India Limited EPIROC Transport 1,224.00
Fairfield Atlas Limited FAIRFIELD Auto Components 275.00
Infinite Computer Solutions India Limited Infinite Computer IT, Software 405.00
Kitply Industries Limited KITPLYIND FMCG 0.02
Manjushree Plantations Limited Manjushree Plant Tea, Coffee & Plantation 10.00
Minosha India Limited MINOSHA Other 282.00
Panasonic AVC Networks India Company Limited Panasonic AVC Other 29.00
Reliance Retail Limited RRL Retail 1,275.00
SM Dyechem Limited SM Dyechem Dyes & Pigment 0.10
Yokogawa India Limited YOKOGAWA Electric Equipment 923.20
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