MARKET EYE-Honeywell Automation India jumps on delisting report

Mon Nov 19, 2012 2:38pm IST

Related Topics

Stocks

   

* 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)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Press Event

Press Event

Modi takes tea, but no questions, in first press event as PM.  Full Article 

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage