New York Stock Exchange

It was because Mr. Adani’s assets succeeded in attracting investors at the New York Stock Exchange that he had fallen under U.S. legal jurisdiction.

The company will be de-listed from the New York Stock Exchange in the "near term" and stock shares will be cancelled, with no value, as part of its restructuring, Spirit said.

The company also received a delisting notice from the New York Stock Exchange, it announced Monday, because the average closing price of shares was less than $1 over a consecutive 30 trading-day period.

Rite Aid’s languishing stock, meanwhile, took a nosedive when the company entered bankruptcy late last year and the New York Stock Exchange moved to delist it.

That same day, he predicted to Yahoo Finance that he was confident that the share price would rise above $1 a share to avoid being delisted from the New York Stock Exchange.