News about Clutch Auto Limited
April 5th, 2007
NSE Press Release
The media had reports that Clutch Auto Limited may bag a major order from US - based Navistar International Corporation.
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.
Clutch Auto Limited has vide its letter inter-alia stated, “We confirm that we are in advanced stages of negotiations with the US based International Truck and Engine Corporation, manufacturers of ‘Navistar’ brand of Trucks. The impact of this development on operations / performance of the company can be assessed after concluding the agreement and hence it was premature to give any intimation to the Exchange at this stage.”
Entry Filed under: Equities, Automobile, IPO & New Listings, NSE
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