January 3, 2013

Press Release No. 1

NSCCL Rated “CCR AAA” for fifth consecutive year

For fifth consecutive year CRISIL has assigned its highest corporate credit rating of ‘CCR AAA’ to the National Securities Clearing Corporation Ltd (NSCCL). 'CCR AAA' rating indicates highest degree of strength with regard to honouring debt obligations. As per CRISIL the rating reflects NSCCL’s status as Clearing Corporation for NSE. The rating also factors in NSCCL’s rigorous risk management controls and adequate settlement guarantee cover.

CRISIL has further stated that NSCCL’s risk management system is comprehensive, and is regularly upgraded to pre-empt market failures. The company addresses risks in clearing and settlement with its stringent norms for selection of members, robust margining system, and risk-based position limits and surveillance mechanism.

Press Release No. 2

Clarification by Tata Coffee Limited

Substantial increase in trading volumes have been observed in Tata Coffee 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.

Tata Coffee Limited has vide its letter inter-alia stated, "We wish to confirm that at present there is no market sensitive information relating to our Company that has not been shared with Exchanges".

Press Release No. 3

Clarification by JM Financial Limited

Substantial increase in trading volumes have been observed in JM Financial 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.

JM Financial Limited has vide its letter inter-alia stated, "There is no pending or current announcement in relation to significant events that in our view can have a bearing on the operation/performance of the Company".

Press Release No. 4

News about Jet Airways (India) Limited

The media had reports that Etihad Airways is close to buying stake in Jet Airways (India) Limited.

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.

Jet Airways (India) Limited has vide its letter inter-alia stated, "We wish to state that while Jet ("the Company") and Etihad are in a discussion regarding a potential investment by the latter in the former, these discussions have commenced recently pursuant to the liberalized FDI policy which permitted foreign investment in the shares of an Indian Airline. The discussions are in progress but no terms have been firmed up at present. Various structures are being explored by the legal and commercial teams and care being taken to ensure that all the Indian regulatory requirements are fully complied with.

By its very nature, there cannot, at this stage, be a firm time line as to the progress of these negotiations, considering the complexity of trans-national transactions such as this, and the complexity of the legal requirements of the regulatory structure.

Since no agreement has been reached with Etihad as yet, no regulatory approvals have been sought at present.

An appropriate announcement shall be made upon finalization of the terms of the investment with Etihad as per legal and regulatory requirements".