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October 15, 2013

 

Press Release No. 1

Prime Broking

 

The trading member M/s. Prime Broking Company (India) Ltd., having SEBI Registration Number INF 23 06907 35  has been declared defaulter by the relevant authority of NSCCL  in terms of Bye-Law (1) of Chapter  XI  of Bye-Laws of Futures & Options Segment for its failure to fulfill settlement obligation with immediate effect. Consequently, Prime Broking Company (India) Ltd., having SEBI Registration Number INB 23 06907 35 has also been declared defaulter in Capital Market Segment with immediate effect.

 

Press Release No. 2

Clarification by Tantia Constructions Limited

Significant price movement has been observed in Tantia Constructions 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. Tantia Constructions Limited has vide its letter inter-alia stated, "The operation of the Company is going on a normal basis and we do not have any information/announcements which have a bearing on the price/volume behaviour in the securities listed on the Stock Exchange(s)."

 

Press Release No. 3

News about Glodyne Technoserve Limited

The media had reports that Glodyne Technoserve Limited is  going to sell US based IMS unit Decision One.

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.

Glodyne Technoserve Limited has vide its letter inter-alia stated, " We wish to inform  you that it appears that the news item is based on market sources / rumours and no company inputs / sources. As a policy the Company does not comment on the speculative information. However we wish to clarify that,

i) the company, in order to reduce its debt burden and improve liquidity, has been considering various options including in respect of its US based step down subsidiary DecisionOne Corporation including divestment of its partial or full stake/inducting strategic or financial partner. However the process is at a very primitive stage and has not reached at any material stage. If the Company finds appropriate values for such monetization of its assets/investments and when such process take any finality or reaches a material stage, we shall inform the same to the Exchanges.

ii) The Company is not in receipt of any such material information in this regard, which has not been disseminated to the Exchanges."