Confectionery-maker Britannia Industries today said it will delist its shares from the Calcutta Stock Exchange.
The board of directors have approved a proposal for voluntary delisting of shares from Calcutta Stock Exchange in the meeting held on November 10, Britannia said in a filing to the Bombay Stock Exchange.
The company, however, will continue to remain listed on BSE and NSE, the filing added.
The company had yesterday posted a 46 per cent decline in net profit to Rs 31.87 crore for the September quarter, mainly on account of higher expenses against a profit of Rs 59.07 crore in the same period a year ago.
Reacting to the development, Britannia Industries' share plunged by 4.73 per cent to Rs 420 in the morning session on BSE. Similarly, the scrip dipped by six per cent to an early low of Rs 412.30 on the National Stock Exchange.
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