Syngenta shareholders approve BSE delisting
16 Mar 2007
Mumbai: Syngenta India today said its shareholders have approved the special resolution entailing the delisting of its equity shares from Bombay Stock Exchange. Syngenta South Asia Ag, the parent firm of Syngentia India had proposed the delisting of its Indian firms equity shares.
Syngenta
South Asia Ag (SSAAG), is a subsidiary of Syngenta Ag
and along with its affiliate Syngenta participations Ag,
holds 84.02-per cent of the issued and paid up equity
share capital of Syngenta India.
For the year ended 31 December, the company posted a decline of 21.26 per cent in net profit at Rs63.17 crore as compared to Rs80.23 crore for the previous year.
The
company received the proposal from its parent company
to delist from BSE in mid February when the share price
of the company was hovering around Rs370. After the news
the scrip of the last traded at Rs440.05 on the BSE today.