Delisting issue: 'Reviewing court order,' says Schneider Electric

Company had approached Bombay High Court after stock market regulator's January order

Schneider Group’s India arm is reviewing a court order, which may require it to offer a better exit to domestic shareholders.

“The order dated 15 February 2021...in the matter of Sebi order on Schneider Electric President Systems Ltd., is currently under review. Every decision, on the way forward, will be in keeping with the highest standards of business best practices which Schneider Electric is committed to,” said the Schneider Electric President Systems India spokesperson in an e-mail response.

Schneider Electric President Systems had sought the Bombay High Court’s intervention after the stock market regulator ruled in favour of public shareholders