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MARKET EYE-India's AstraZeneca shares surge; board OKs delisting

Reuters - UK Focus

* Shares in AstraZeneca Pharma India surge as much as

7.6 percent on Tuesday after the company says its board approved

a proposal from promoter AstraZeneca Pharmaceuticals AB, Sweden

to delist the company from India.

* Shares in AstraZeneca (NYSE: AZN - news) are up 47.6 rupees at 1208 at 0601 GMT.

The stock hit a 52-week high of 1,286 rupees on March 4, since

the company first announced the delisting proposal, and has

gained 30.4 percent so far this month.

(indulal.p@thomsonreuters.com/indulal.p.thomsonreuters.com@reut

ers.net)