June 12, 2015

Press Release No. 1

News about ABG Shipyard Limited

The media had reports that " Privinvest looking to buy 49% stake in ABG Shpiyard for Rs 1000 crore”

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.

ABG Shipyard Limited has vide its letter inter-alia stated, “We have received firm Expression of interest from Privinvest which owns the following shipyards: 1) NOBISKRUG GMBH, Germany 2) HELLENIC SHIPYARDS S.A. Greece 3) CMN, France 4) ADM KIEL SHIPYARDS, Germany 5) LOGISTICS INTERNATIONAL SAL ADM SHIPYARDS, UAE. We are in discussion with them for a strategic stake sale.”

Press Release No. 2

News about Unitech Limited

The media had reports that "Unitech may raise Rs 200 cr for ongoing projects.”

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.

Unitech Limited has vide its letter inter-alia stated, “The Company and its subsidiaries, on an ongoing basis, raise funds from various banks and other financial institutions to meet its financing needs for development of projects and for various corporate purposes. With a view to augment the company's finances for meeting its working capital requirements to accelerate the execution of its ongoing projects, company is in discussions with some financiers.”

Press Release No. 3

Clarification by Essar Oil Limited

Significant volume movement has been observed in Essar Oil 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.

Essar Oil Limited has vide its letter inter-alia stated, “that as on date there is no event, information or development in the Company which is required to be intimated as per clause 36 of the listing agreement.”