News about Sterlite Industries ( India ) Limited
October 16th, 2007
The media had reports that Sterlite Industries ( India ) Limited may demerge its 100 percent subsidiary, Sterlite Energy, and list it subsequently
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.
Sterlite Industries ( India ) Limited has vide its letter inter-alia stated,”We would like to inform that the Company has not taken any decision to demerge its 100 percent subsidiary, Sterlite Energy Limited. The Company has never expressed such intentions and completely denies these market speculations.”
Entry Filed under: Equity Markets, NSE
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