The company's board has approved to seek shareholders' approval through postal ballot for the voluntary delisting of equity shares as proposed by AstraZeneca Pharmaceuticals AB, Sweden, promoter of the company, AstraZeneca Pharma India said in a filing to the BSE.
AstraZeneca Pharma India today said its board has agreed to seek shareholders' approval for
the voluntary delisting of equity shares on various bourses. The company's board has approved to seek shareholders' approval through postal ballot for the voluntary delisting of equity shares as proposed by AstraZeneca Pharmaceuticals AB, Sweden, promoter of the company, AstraZeneca Pharma India said in a filing to the BSE.
Also Read: AstraZeneca rejects Pfizer's renewed USD 106 billion bid
Last month, the company had fixed the floor price of Rs 854.1 apiece for delisting its shares from stock exchanges. AstraZeneca Pharmaceuticals AB, Sweden, holds 75 percent stake in AstraZeneca Pharma India.
In March, AstraZeneca Pharma had received by email a letter from the promoter proposing to make a voluntary delisting offer to the public shareholders from stock exchanges.
On March 18 it had announced that its board approved delisting of the company's shares from bourses. AstraZeneca Pharma scrip closed at Rs 1,101 on the BSE, down 2.35 percent, from its previous close.
AstraZeneca stock price
On May 05, 2014, AstraZeneca Pharma closed at Rs 1101.00, down Rs 26.5, or 2.35 percent. The 52-week high of the share was Rs 1285.00 and the 52-week low was Rs 634.00.
The latest book value of the company is Rs 39.90 per share. At current value, the price-to-book value of the company was 27.59.
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