February 18, 2015

Press Release No. 1

News about Karuturi Global Limited

The media had reports that “Florist and gift chain Florista’s founders are buying back majority stake in the company from Karuturi Global. KGL is set to sell back its entire 53 percent stake in the company valued at Rs 35 crore”

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.

A copy of the clarification is available on the NSE website (http://www.nseindia.com) under (Corporates > Corporate Information > Announcements).