August 12, 2014

Press Release No. 1

News about IDBI Bank Limited

The media had reports that "IDBI's Rs 950cr loan to Mallya's Kingfisher under CBI lens.”

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.

IDBI Bank Limited has vide its letter inter-alia stated, "IDBI Bank is one of the 16 consortium lenders to Kingfisher Airlines Ltd. (KAL). KAL defaulted in its payment obligations to the Banks and Banks have jointly taken several recovery actions against the company and its promoter. The preliminary enquiry initiated by CBI a few months ago is against the borrower, KAL and not against IDBI Bank, as reported in the media. The Bank has been providing all the information and documents sought by the Agency in the matter and will continue to extend full assistance to the Agency in the said enquiry."

Press Release No. 2

Market-wide Position Limit in IRB

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