News about Welspun Gujarat Stahl Rohren Limited and Reliance Industries Limited
March 13th, 2007
NSE Press Release
The media had reports that Reliance Industries Ltd may acquire a stake in Welspun Gujarat Stahl Rohren Limited.
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 companies.
Welspun Gujarat Stahl Rohren Limited has vide its letter inter-alia stated, “In this connection please note that these are pure media speculation and as a company we are not in a position to comment on the same.”
Reliance Industries Ltd has vide its letter inter-alia stated, “Reliance Industries Limited (”RIL”) does not comment on speculative media reports. RIL keeps on evaluating growth opportunities. RIL shall intimate the Stock Exchange, Shareholders and Media about any domestic or international acquisition.”
Entry Filed under: Equity Markets, NSE
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