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September 17, 2014

 

Press Release No. 1

Clarification by Creative Eye Limited

 

Significant price movement has been observed in Creative Eye 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.

 

Creative Eye Limited has vide its letter inter-alia stated;" We don't have any information/ announcement including impending announcement that could influence the price increase or volume variations."

 

 

Press Release No. 2

News about Ramky Infrastructure Limited

 

The media had reports that "Piramal Leads for 3 Ramky Highway 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.

 

Ramky Infrastructure Limited has vide its letter inter-alia stated," We bring to your kind notice on the communication made by the company vide letters dated 15 January 2014, 12 February 2014 & 14 August 2014, where in the company has communicated the exchanges that to ease the liquidity concerns of the company, the company is in negotiation with various investors for sale of operational road assets of the company. We have been receiving offers from various investors for possible stake sale/securitization for the road projects. These matters are subject to the approval of the Board of Directors. However the discussions are at preliminary stage and have not reached the definitive agreement stage. We will keep the exchange informed about the developments or near proximity to closing of any sale transaction/stake sales in the operational road assets of the company. "