HC strong on proposed AZ delisting

October 10, 2014 | Friday | News | By BioSpectrum Bureau

HC strong on proposed AZ delisting

According to Mint, the Bombay high court has stayed the proposed delisting of AstraZeneca Pharma India Ltd after two minority shareholders moved the court against the plan following an investigation by the market regulator that found alleged evidence of "collaboration" between the company's Swedish parent AstraZeneca Pharmaceuticals AB and the Elliott group of investors in its offer for sale (OFS) last year.

 

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