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AstraZeneca board approves delisting proposal

AstraZeneca board approves delisting proposal
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First Published: Tue, Jun 29 2010. 04 51 PM IST
Updated: Tue, Jun 29 2010. 04 51 PM IST
Mumbai: AstraZeneca Pharma India Ltd said on Tuesday its board has approved a proposal to voluntarily delist the shares of the company from stock exchanges.
AstraZeneca Pharma AB, the parent company, holds 89.99% in AstraZeneca Pharma India.
Earlier in the day, shares of the company rose 20% to hit its daily upper trading limit after the company said it’s board will consider the delisitng proposal on Tuesday.
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First Published: Tue, Jun 29 2010. 04 51 PM IST