September 11, 2013

 

Press Release No. 1

Clarification about Dr. Datson's Labs Limited

 

Significant price movement has been observed in Dr. Datson's Labs 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. Dr. Datson's Labs Limited has vide its letter inter-alia stated, "The Company is in the process of exploring various strategic moves by formulating policies and by entering into various agreements for the benefit of its shareholders and it is the policy of the Company to inform the stock exchange(s) whenever the Company proposes to implement the policy decisions of the Board of Directors and that such decisions are intimated to your esteemed exchange by way of outcomes of the Board Meetings of the Company. Therefore, whatever the increase in the share price of the Company is purley due to market conditions and absolutely market driven and the Management of the Company is in no way connected with any such price increase."

 

 

Press Release No. 2

Clarification about Alphageo (India) Limited

 

Significant price movement has been observed in Alphageo (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. Alphageo (India) Limited has vide its letter inter-alia stated, "We inform that the Company does not have any information/ announcement (including pending announcement) which in our opinion may have a bearing on the price / volume behavior in the scrip pending intimation to the Stock Exchange as of today."

 

 

Press Release No. 3

News about  Jaiprakash Associates Limited & UltraTech Cement Limited

 

The media had reports that Jaiprakash Associates Limited to sell Gujarat cement unit to UltraTech Cement 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.

 

Jaiprakash Associates Limited has vide its letter inter-alia stated, "We wish to submit that as per publicly announced decision of Jaypee Group, we are committed to unlock and enhance shareholders' value through various options, including reduction of debt and, if required, by sale of some of the undertakings of the Company or any of its subsidiaries. This is a continuous exercise and all out efforts are being made to achieve the said objective. Please not that as and when such transaction(s) materialize, we shall make appropriate announcement through Stock Exchanges."

 

UltraTech Cement Limited has vide its letter inter-alia stated, "We regret we cannot comment on the purported reports by media.  We would as before, and in line with our high governance standards, shall inform you of such developments before informing the media. We hope you will appreciate that we have no control on media reports or their source of information. We reiterate that there has been no release of any information regarding any acquisition to media even as of this moment. We further reiterate that we will comply with the disclosure obligations as and when they arise."