CESC to delist from London Stock Exchange

PTI

Sanjiv Goenka, chairman, CESC

'; if (google_ads[0].type == "image") { s += ''; } else if (google_ads[0].type == "flash") { s += ''; } else if (google_ads[0].type == "html") { s += google_ads[0].snippet; } else if (google_ads[0].type == "text") { // Adjust text sizes to occupy the majority of ad space. if (google_ads.length == 1) { ad_title_class = 'ad_title_small'; ad_text_class = 'ad_text_small'; ad_url_class = 'ad_url_small'; } else { ad_title_class = 'ad_title'; ad_text_class = 'ad_text'; ad_url_class = 'ad_url'; } for(var i=0; i ' + google_ads[i].line1 + ' - ' + google_ads[i].line2 + ' ' + google_ads[i].line3 + '
' + '' + google_ads[i].visible_url + ''; } } document.write(s); return; } // -->

Kolkata, July 26:??

RP Sanjiv Goenka group flagship firm CESC today secured shareholders? approval for delisting securities from the London Stock Exchange (LSE) 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 about 40,000 shareholders, those in the UK were only around 200.

The company secured shareholders? approval for delisting from LSE at the AGM.

The company?s shares were also listed on the CSE, BSE and NSE and the existing GDRs listed on EuroMTF of the Luxembourg Stock Exchange.

Shares of CESC closed today closed at Rs 325.30 apiece, down 2.39 per cent on the BSE.

Meanwhile, CESC?s retail subsidiary Spencer?s will add 2.85 lakh sq ft by this fiscal from present operational space of 9.8 lakh sq ft.

(This article was published on July 26, 2013)

Source: http://www.thehindubusinessline.com/companies/cesc-to-delist-from-london-stock-exchange/article4956150.ece

earthquake today bachelor justin timberlake gerard butler danielle fishel daylight savings Daylight Savings Time 2013