May 28, 2013

Press Release No. 1

News about JK Tyre & Industries Limited

The media had reports that JK Tyre & Industries Limited is actively eyeing an acquisition of a tyre manufacturing firm in Southeast Asia.

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.

JK Tyre & Industries Limited has vide its letter inter-alia stated, “The company receives many such proposals and keeps probing into them. However, there is no firm proposal at this stage and the Company has not made any commitment whatsoever. As soon as any such plan is firmed up, we assure that we will immediately disseminate the same to the market for information as required under Clause 36 of the Listing Agreement."

Press Release No. 2

News about Financial Technologies (India) Limited

The media had reports that Financial Technologies (India) Limited is in talks with private equity funds to sell stake in Indian Energy Exchange (IEX).

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.

Financial Technologies (India) Limited has vide its letter inter-alia stated, "We do not wish to comment on rumours which are speculative in nature, hence we refrain from commenting on the said news article."

Press Release No. 3

News about Sun Pharmaceuticals Industries Limited

The media had reports that Sun Pharmaceuticals Industries Limited may acquire Germany-based company Stada.

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.

Sun Pharmaceuticals Industries Limited has vide its letter inter-alia stated, "We have absolutely no comment on market speculation. Please further note since we have large cash and cash equivalents, we are constantly linked to rumours of international acquisition. We further confirm that if and when we make any announcement regarding any material activity for our business, we will ensure that we follow the mandated procedure of informing the stock exchange first."