Brief: Rediff.com india informs Nasdaq of intent to withdraw its ADS from listing

Rediff.com India

27/04/2016 12:28

April 27 (Reuters) - Rediff.Com India Ltd  REDF.O : 
    * Rediff.Com informs nasdaq of intent to withdraw american 
depository shares from listing and registration 
    * Rediff.Com india ltd says shares of rediff's adss are 
expected to continue trading on otc pink marketplace following 
delisting and deregistration 
    * Company intends to deregister its adss and to cease 
publicly filing its periodic reports with sec 
    * Rediff anticipates that its 20-f for fiscal year ended 
march 31, 2015 will be its last publicly filed periodic report 
    * Reasons for withdrawal relate to cost of filing periodic 
reports with sec and meeting other applicable regulatory 
requirements 
    * "we are constantly looking for ways to reduce costs" 
    * Current economic climate has not only impacted capital 
markets, but digital advertising industry as well 
 
Source text for Eikon:  ID:nPn2K8SQla  
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