LSE to delist Ranbaxy GDR programme with effect from Dec 15

Image
Press Trust of India New Delhi
Last Updated : Oct 31 2014 | 6:40 PM IST
Drug firm Ranbaxy Laboratories today said Luxembourg Stock Exchange (LSE) will delist the company's Global Depository Receipts programme with effect from December 15.
In view of the proposed termination of the deposit agreement on December 15, 2014, the LSE will de-list the GDS from the official list and withdraw the trading of GDS on the Euro MTF Market of the LSE with effect from December 15, 2014, Ranbaxy Laboratories Ltd said in a filing to the BSE.
The company said it has received a letter from LSE in this regard.
Earlier this month, the company had said that it has notified the Bank of New York Mellon to terminate the Deposit Agreements dated July 7, 1994 and underlying Global Depository Receipts (GDR) programme.
Ranbaxy shares today closed at Rs 632.10 apiece on the BSE, up 1.34 per cent from their previous close.
*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: Oct 31 2014 | 6:40 PM IST

Next Story