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June 12, 2014

 

Press Release No. 1

News about Ashapura Minechem Limited and Orient Abrasives Limited

 

The media had reports that "Ashapura to Buy Orient Abrasive for Rs 400 cr."

 

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.

 

Ashapura Minechem Limited has vide its letter inter-alia stated, “We hereby place on record that neither the Company nor it's wholly-owned subsidiary M/s. Bombay Minerals Limited has any plans to acquire any further stake in Orient Abrasives Limited. This is entirely the speculation of the media and we have no comments to offer."

 

Orient Abrasives Limited has vide its letter inter-alia stated, “We hereby would like to bring to your kind attention that there is no truth in the matter."

 

 

Press Release No. 2

Clarification by Plethico Pharmaceuticals Limited

 

Significant price movement has been observed in Plethico Pharmaceuticals 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.

 

Plethico Pharmaceuticals Limited has vide its letter inter-alia stated, “There is no event/information that have to be announced to the exchanges which may have any bearing on the operations/performance of the Company."

 

 

Press Release No. 3

Market-wide Position Limit in L&TFH

 

The derivative contracts in the underlying L&TFH have crossed 95% of the market-wide position limit on June 12, 2014. It is hereby informed that all clients/ members shall trade in derivative contracts of L&TFH by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.