Update for AstraZeneca Pharma India Ltd

This is with reference to the delisting process initiated by the Company. It is hereby clarified that certain shareholders had filed a Writ Petition before the Honble Bombay High Court challenging the proposed delisting which was disposed off by the Honble Bombay High Court vide Order dated 8th October, 2014 wherein the parties were permitted to challenge the SEBI Order dated 24th June, 2014 if they so desire, before the Honble Securities Appellate Tribunal (SAT). Further, the order also states that until the Tribunal hears and disposes of the petitioners appeal, all the parties concerned shall not take any further steps in the process of delisting of equity shares. As on date, an appeal has been filed before SAT before 19th November, 2014 and is pending a decision. Thus, the delisting process shall proceed further as per the directions of Honble SAT.

Source : BSE - >www.bseindia.com

Published on November 27, 2014
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