July 04, 2013

 

Press Release No. 1

Corporates with highest number of complaints pending

 

Given below are names of corporates, whose securities are suspended / withdrawn from trading on NSE within the last year, with highest number of complaints pending against them for a period of more than 2 months as on June 30, 2013.

 

Sr. No.

Name of the Corporate

Number of complaints pending

1

Deccan Chronicle Holdings Limited

1

2

IOL Netcom Limited

1

 

Out of the companies whose securities are traded on NSE, given below are names of corporates with highest number of complaints pending against them for more than 2 months as on June 30, 2013.

 

Sr. No.

Name of Corporate

Number of complaints pending

1

Ankur Drugs And Pharma Limited

11

 

 

Press Release No. 2

News about Suzlon Energy Limited

 

The media had reports that Suzlon Energy Limited is in process to sell stake of its domestic manufacturing facilities.

 

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.

 

Suzlon Energy Limited has vide its letter inter-alia stated, "The company, as part of its deleveraging strategy, has set the goal to rise up to US$ 400 million through sale of non-critical assets, which was disclosed as part of our key priorities for FY 14, in our investor / analyst presentation dated 30th May 2013, which is available for all on our website www.suzlon.com. However, while we have identified these assets and divestment plans are in progress, these are not yet crystallised and it would therefore be premature to announce the specifics.

 

With reference to the media reports, it remains our policy to not comment on what is market rumour and speculation."