October 16, 2012

Press Release No. 1

News about The Karnataka Bank Limited, Kotak Mahindra Bank Limited and ICICI Bank Limited

The media had reports that ICICI Bank Limited or Kotak Mahindra Bank Limited is looking to acquire The Karnataka Bank Limited.

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 banks.

The Karnataka Bank Limited has vide its letter inter-alia stated, "We deny any such rumor as reported in the media. The investors may note the same".

Kotak Mahindra Bank Limited has vide its letter inter-alia stated, "We deny the rumor".

ICICI Bank Limited has vide its letter inter-alia stated, "This is to inform you that ICICI Bank is currently not considering merger or acquisition of any bank".

Press Release No. 2

Market-wide Position Limit in PUNJLLOYD

The derivative contracts in the underlying PUNJLLOYD have crossed 95% of the market-wide position limit on October 16, 2012. It is hereby informed that all clients/ members shall trade in derivative contracts of PUNJLLOYD by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.