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October 11, 2013

 

Press Release No. 1

Clarification by Natco Pharma Limited

Substantial increase in trading volumes have been observed in Natco Pharma 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. Natco Pharma Limited has vide its letter inter-alia stated, "We do not have information as to the reasons thereof."

 

 

Press Release No. 2

News about NCC Limited and Gayatri Projects Limited

The media had reports that "Sembcorp to Purchase Majority Stake in NCC Power"

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.

NCC Limited has vide its letter inter-alia stated,

" a) The equity stake in NCC Power Projects Ltd., is held by NCC infrastructure Holding Ltd (Wholly Owned Subsidiary of NCC Limited).

b) Preliminary discussions are taking place between NCC Infra & Sembcorp for investment in NCC Power Projects Ltd., and which is subject to a detailed Technical, financial, Commercial & Legal due diligence. The terms of investment including structuring will be finalised after the due diligence process and negotiations are completed between the parties.

c) No Definitive agreements have been entered into between the parties and no investment has been made by Sembcorp in NCC Power Projects Ltd.

Gayatri Projects Limited has vide its letter inter-alia stated, “At present the company does not possess any price sensitive information relating to the news item.”

A copy of the detailed clarification is available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements).