| Atlas Copco India Ltd has informed BSE that the Company has received a letter dated October 28, 2010 from Atlas Copco AB, Parent informing the Company of the decision of Atlas Copco, AB ("Promoters") to seek voluntary delisting of the Equity Shares of the Company presently traded on the Bombay Stock Exchange Limited ("BSE") / Pune Stock Exchange Limited ("PSE" and collectively referred as "Stock Exchanges") in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 ("Delisting Regulations") by purchasing the publicly held shares of the Company constituting 16.23% of the outstanding share capital of the Company ("Delisting Proposal"). The Promoters of the Company hold 18,899,360 Equity Shares in the Company. The Promoters have requested the Board to take all actions required of them under the Delisting Regulations including convening a meeting of the shareholders to consider the Delisting Proposal. In view of the above, the Board will consider the Delisting Proposal and matters incidental thereto in their meeting scheduled on October 29, 2010. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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