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To delist from LSE

CESC on Friday secured shareholders? approval for delisting securities from the London Stock Exchange to cut costs.

CESC on Friday secured shareholders? approval for delisting securities from the London Stock Exchange to cut costs. Stating that he could not recall when the company was listed on the LSE long ago, CESC chairman Sanjiv Goenka said that only one per cent of the total issued equity shares of CESC were currently listed. ?But as the market of the company?s shares in UK has practically frozen and the dealings in shares in recent years have been very low, the company decided to delist to save costs,? he said. Out of the about 40,000 shareholders, those in the UK were only around 200. The company secured shareholders? approval for delisting from LSE at the AGM.

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First published on: 27-07-2013 at 00:18 IST
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