November 07, 2012

Press Release No. 1

Clarification by Kwality Dairy (India) Limited

Significant price movement has been observed in Kwality Dairy (India) 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.

Kwality Dairy (India) Limited has vide its letter inter-alia stated, "We would like to inform that in our opinion there is no information or announcement (including impending information) including price sensitive information which may have bearing on the price / volume behaviour in the scrip".

Press Release No. 2

News about Pantaloon Retail (India) Limited and L&T Finance Holdings Limited

The media had reports that L&T Finance Holdings Limited is close to buying out the Pantaloon Retail (India) Limited's stake in joint venture Future Generali India Insurance Company.

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 companies.

Pantaloon Retail (India) Limited has vide its letter inter-alia stated, "We deny any such transaction at this stage. We shall inform about any firm and binding decision no sooner approved by the Board, to the regulators and our shareholders, as required by law."

L&T Finance Holdings Limited has vide its letter inter-alia stated, "We hereby confirm that the Company is not into any discussion to buy out the aforesaid stake. L&T Finance Holding Limited, which is the financial services arm of Larsen & Toubro Limited (L&T), being a subsidiary of L&T is not eligible to be a sponsor of insurance business as per IRDA guidelines. Consequently it is not involved in discussions with Pantaloon Retail, in regard to its stake in Future Generali Insurance Company.

We would like to clarify that the information reported in the referred article with respect to L&T Finance Holdings Limited is not accurate."