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August 25, 2014

 

Press Release No. 1

News about Valecha Engineering Limited

 

The media had reports that “Valecha egg in talks with foreign player to sell stake in 3 road 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.

 

Valecha Engineering Limited has vide its letter inter-alia stated," The Company receives various proposals from both National and International prospective Investors, sometimes directly and sometimes through investment bankers for participation in our road projects. This is not uncommon with companies like us who are heavily invested in the Road BOT Projects. However, as on date, the Company has not entered into any binding contracts with any person either towards stake sale or towards any potential joint ventures."

 

 

Press Release No. 2

Market-wide Position Limit in JPASSOCIAT

 

The derivative contracts in the underlying JPASSOCIAT have crossed 95% of the market-wide position limit on August 25, 2014. It is hereby informed that all clients/ members shall trade in derivative contracts of JPASSOCIAT by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.