Advertisement
UK markets close in 1 hour

  • FTSE 100

    8,363.91
    +50.24 (+0.60%)
     

  • FTSE 250

    20,428.22
    +15.14 (+0.07%)
     

  • AIM

    778.25
    +1.83 (+0.24%)
     

  • GBP/EUR

    1.1616
    -0.0008 (-0.07%)
     

  • GBP/USD

    1.2492
    -0.0018 (-0.14%)
     

  • Bitcoin GBP

    50,037.33
    -627.54 (-1.24%)
     

  • CMC Crypto 200

    1,322.95
    +28.28 (+2.18%)
     

  • S&P 500

    5,183.92
    -3.78 (-0.07%)
     

  • DOW

    38,905.28
    +21.02 (+0.05%)
     

  • CRUDE OIL

    77.93
    -0.45 (-0.57%)
     

  • GOLD FUTURES

    2,322.00
    -2.20 (-0.09%)
     

  • NIKKEI 225

    38,202.37
    -632.73 (-1.63%)
     

  • HANG SENG

    18,313.86
    -165.51 (-0.90%)
     

  • DAX

    18,484.65
    +54.60 (+0.30%)
     

  • CAC 40

    8,150.18
    +74.50 (+0.92%)
     
Money:

How to make a tax-free income

Tips for making money that won't be taxed

AstraZeneca India unit sets floor price for stock delisting

Reuters - UK Focus

April 11 (Reuters) - AstraZeneca Pharma India Ltd, a unit of British drugmaker AstraZeneca Plc (NYSE: AZN - news) , said on Friday the floor price for its delisting from the Indian stock exchanges had been set at 854.1 rupees a share.

AstraZeneca said the delisting of the Indian unit and an increase in its ownership would provide it with "greater operational flexibility" to support the company's business in the local market.

AstraZeneca Pharma India's stock has risen nearly 50 percent from the year's low on Jan. 30 to touch 1,092.35 rupees on Friday on delisting expectations, while the Mumbai market rose roughly 12 percent in that period.

The Indian unit's board approved the delisting proposal on March 18.

(Reporting by Zeba Siddiqui in MUMBAI; Editing by Sumeet Chatterjee)