Sugar producer Balrampur Chini Mills today said the Luxembourg Stock Exchange (LSE) has delisted the company's Global Depository Receipts (GDRs) with effect from December 5.
"As there are no outstanding GDRs of the company, the Luxembourg Stock Exchange has decided to delist these GDRs with effect from December 5, 2011," Balrampur Chini Mills said in a filing to the Bombay Stock Exchange (BSE).
In January 2006, the company had issued 16,352,000 GDRs, each representing one underlying equity share of the company and was priced at Re 1 each.
The share of the company closed marginally down at Rs 44.15 on the BSE.
