SAT asks Sebi to fast track AstraZeneca delisting

The company's delisting plans had been pending as the regulator was probing an alleged collaboration between the company and the Elliot Group of investors

AstraZeneca
BS Reporter Mumbai
Last Updated : Sep 11 2015 | 6:34 PM IST
The Securities and Appellate Tribunal (SAT) on Friday directed the market regulator to fast track the delisting case of Astrazeneca, which is pending with Securities and Exchange Board of India (Sebi) for the past year and a half.

The company's delisting plans had been pending as the regulator was probing an alleged collaboration between the company and the Elliot Group of investors. The probe is based on a complaint that was filed with Sebi.

In November 2014, minority shareholders of Astrazeneca had moved SAT over alleged collaboration between the company and the Elliot Group of investors.

SAT in the pronouncement has directed Sebi to finish the probe in coming six months.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 11 2015 | 5:58 PM IST

Next Story