August 07, 2015
Press Release No. 1
Clarification
by Nitin Fire Protection Industries Limited
Significant increase in
price has been observed in Nitin Fire Protection Industries 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.
Nitin Fire Protection
Industries Limited has vide its letter inter-alia stated “That there has been
no material development which is not informed to the exchanges. Any development
or any material information shall be firstly informed to the exchange from our
end.”
Press Release No. 2
News
about JK Tyre & Industries Limited
The media had reports that “JK Tyre in final lap to
acquire Kesoram tyre unit/arm. Deal likely to be
announced next week. JK Tyre likely to offer Rs.2200 crs for the deal. Deal aimed to cut debt on books
over Rs.4400 crs.”
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.
JK Tyre & Industries Limited has vide
its letter inter-alia stated “There is no transaction between JK Tyre &
Industries Ltd. and
Kesoram Industries Ltd.
Any development in JK Tyre will be reported in terms of the Listing Agreement”.
Press Release No. 3
News
about Kesoram Industries Limited
The media had reports that “JK Tyre in final lap to
acquire Kesoram tyre unit/arm. Deal likely to be
announced next week. JK Tyre likely to offer Rs.2200 crs for the deal. Deal aimed to cut debt on books
over Rs.4400 crs.”
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.
Reply from Kesoram Industries Limited is
awaited.