Archive for February 24th, 2007
NSE Press Release
The media had reports that IFCI Limited has sold off Malvika Steels (MSL), a stressed asset of the company.
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 officials of the company.
IFCI Limited has vide its letter inter-alia stated, “IFCI has filed a recovery suit in DRT, Delhi, which has issued a ’sale proclamation’. Accordingly, sale notice was issued to the newspapers in November, 2006. However, the sale of land and assets has not yet materialised.”
February 24th, 2007
NSE Press Release
The media had reports that Shopper’s Stop Limited may acquire 51% stake in HyperCity Retail(India) Pvt Ltd.
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 officials of the company.
Shopper’s Stop Limited has vide its letter inter-alia stated, “As has already been informed in our IPO prospectus, the company has entered into an Option Agreement whereby it has an option to acquire upto 51% of HyperCity Retail (India) Pvt. Ltd., at any time before December 31, 2008. The Board of Directors of the Company will decide on exercise of this Option at an appropriate time. Mr. B. S. Nagesh has been misquoted in the news report. Further, as on date, HyperCity Retail (India) Pvt. Ltd. has set up its only maiden store at Malad, Mumbai and there are no three existing stores as quoted in the said press item.”
February 24th, 2007
NSE Press Release
The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. February 26, 2007. Trading shall be in the Normal Market Segment – Compulsory Demat (Rolling Settlement) for all investors.
|
Sr. No.
|
Symbol
|
Name of the Company
|
ISIN Code
|
February 24th, 2007