ABB denies report of delisting proposal by majority shareholder

20 May 2013 Evaluate

ABB has denied reports of receiving any delisting proposal by a majority shareholder. The company, in the previous week, had only confirmed about such a rumor doing rounds in the market. However, in regulatory filing, the company has underscored that it has checked with its majority shareholder who has confirmed there is no intention to buy additional shares and thus commence the de-listing process.

ABB is a global leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. UHVDC transmission is a development of HVDC, a technology pioneered by ABB more than 50 years ago, and represents the biggest capacity and efficiency leap in over two decades.

ABB India Share Price

6960.00 36.20 (0.52%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1660.20
Siemens 6831.15
Apar Inds 10169.40
Waaree Energies 2931.95
ABB India 6960.00
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