ABB India's delisting probability increasing - Axis Capital

Reuters Market Eye - ABB India Ltd shares gain 2.3 percent.

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

Axis sites 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 earlier.

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

A company spokesman was not immediately reachable.

(Reporting by Abhishek Vishnoi)