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                                                                                     July 02, 2015

 

Press Release No. 1

News about Religare Enterprises Limited

 

The media had reports that “Apollo, Baring Ahead in Race for Religare.”

 

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

 

Religare Enterprises has vide its letter inter-alia stated, “We are not aware of any information/reason which could explain the movement of the Company's scrip mentioned in the letter. Religare Enterprises Limited ( Company ), as the holding company for a large, diversified financial services group, keeps exploring various strategic alternatives from time to time, including raising primary capital for funding growth. On July 31, 2014, the Board of Directors and subsequently on September 11, 2014 the Shareholders of REL had approved raising of funds for an amount not exceeding Rs. 1,000 crores through issuance of equity or equity linked shares, which was appropriately disclosed by us to the stock exchanges. We continue to proactively evaluate all options which can fulfill this and other strategic priorities of the Company and liaise with potential investors for the same. However, at this point in time, there is no further disclosable event/information. We shall make appropriate public disclosures in accordance with the prevalent laws as and when there is a disclosable event.”

 

 

Press Release No. 2

Clarification by Genus Paper & Boards Limited

 

Significant price movement has been observed in Genus Paper & Boards Limited

 

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

 

Genus Paper & Boards Limited has vide its letter inter-alia stated, “that the Company is presently not undergoing or planning any event, information etc. that have a bearing on the operation/performance of the Company including any price sensitive information.”

 

 

Press Release No. 3

Clarification by Kavveri Telecom Products Limited

 

Significant price movement has been observed in Kavveri Telecom Products Limited.

 

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

 

Kavveri Telecom Products Limited has vide its letter inter-alia stated, “that there are no events/ announcements impending to be made as of now.