News about Karuturi Networks Limited
August 30th, 2007
The media had reports that Karuturi Networks Limited has acquired the Dutch floriculture major Sher Agencies for around $69 million.
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.
Karuturi Networks Limited has vide its letter inter-alia stated, “The proposal to acquire the aforesaid Dutch Company is still in the process of being finalized. As and when there is any official communication from the Board regarding the execution of the contract, we will inform the Stock Exchange accordingly.”
Leave a Comment
Some HTML allowed:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>