MARKET EYE-Honeywell Automation India jumps on delisting report

Mon Nov 19, 2012 2:38pm IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* Shares in Honeywell Automation India Ltd surges 13
percent after earlier rising as much as 15.5 percent, its
highest level intraday since April 24.
* Gains come after news channel CNBC TV 18 reports parent
company, Honeywell Asia Pacific, itself part of Honeywell
International Inc, is considering delisting the shares
of the company, citing unidentified sources.
* Honeywell Automation calls the report incorrect in a statement
to the exchange.
* "The news item is clearly speculative and incorrect in nature
and they have not accounted for the official statement from
Honeywell," Honeywell Automation said.

 (abhishek.vishnoi@thomsonreuters.com)
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