By Najat Kantouar
Indus Gas plans to seek shareholder approval to delist from London's junior Alternative Investment Market, citing high costs and constraints on funding flexibility.
The oil and gas exploration and development company said Monday that it plans to hold a general meeting on Jan. 8 for shareholders to vote on its plan, and if approved expects trading in its shares to be cancelled from Jan. 23.
The proposal has the support of the company's main shareholder, Gynia Holdings. Gynia, together with its wholly-owned subsidiary, Focusoil, own 82.66% of Indus's issued shares.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
December 22, 2025 03:13 ET (08:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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