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                                                                                     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.