Any acquisition of shares of the company (either by a promoter or by any other person) or scheme of arrangement, by whatever name referred to, consequent to which the public shareholding falls below the minimum limit specified in the listing conditions or listing agreement that may result in delisting of securities. Promoters of the companies who voluntarily seek to delist their securities from all or some of the stock exchanges.

Cases where a person in control of the management is seeking to consolidate his holding in a company, in a manner which would result in the public shareholding or in the listing agreement that may have the effect of company being delisted. Companies may be compulsorily delisted by the stock exchanges using the reverse book building system.