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July 14, 2014

 

Press Release No. 1

Market-wide Position Limit in IRB

 

The derivative contracts in the underlying IRB have crossed 95% of the market-wide position limit on July 14, 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.

 

 

Press Release No. 2

News about ITC Limited and Advani Hotels & Resorts (India) Limited

 

The media had reports that “ITC Hotels may Check into Ramada Caravela for Rs 700 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.

ITC Limited has vide its letter inter-alia stated, “The media report under reference is false. At present, there are no negotiations with any party with respect to the subject matter."

Advani Hotels & Resorts (India) Limited has vide its letter inter-alia stated, “The Company had no such negotiations or even discussions in this respect and hence, the question of giving any intimation to the Stock Exchanges does not arise. Also, the Company does not have any information on the given subject and hence, intimation to the Stock Exchanges does not arise."