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Delisting can lift spirits of MNC stocks

MNCs use the opportunity to buy and delist the company from the market when prices are low and their cost of delisting the company will be lower

May 19, 2020 / 09:05 AM IST
Delisting can lift spirits of MNC stocks

  Promoters in India are using depressed valuations to buy their company’s shares. Parents of MNCs listed in India are using the opportunity to delist their companies. A CNBC TV18 report says that Diageo, the British liquor giant, is considering delisting United Spirits from Indian exchanges. Diageo currently holds 56.76 percent in United Spirits and is reportedly exploring options of buying out minority shareholders and delisting the company. The report follows Vedanta’s London based parent’s plans of delisting its businesses in India. In...

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