October 29, 2014 / 4:52 AM / 5 years ago

ABB India shares gain on delisting talk; company denies

ABB India Ltd (ABB.NS) shares gain 1.4 percent.

Axis Capital says in a report the probability of a delisting in ABB India is increasing.

Axis cites an earnings call with management.

Adds management said new delisting norms are being finalised and would be simpler.

As a result, Axis raises target price to 1,108 rupees from 975 rupees.

ABB spokesman says company “has no plans for delisting”.

India’s market regulator began a review of stock market delisting rules in May this year.

Reporting by Abhishek Vishnoi

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below