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Electrosteel Steels reply to clarification sought by the exchange

24 Apr 2015 Evaluate

The Exchange had sought clarification from Electrosteel Steels with respect to news appearing on ET NOW on April 21, 2015 titled 'Tata Steel, Vedanta looking to buy Electrosteel Steel  ; Electrosteel Steel management looking to sell off company due to debt burden of Rs 6000 Crs.'.Electrosteel Steels replied stating that, Please note that the Company denies any action/discussion as contemplated in the media report with regard to sale of the Company. The Company again affirms that it follows highest standard of corporate governance and maintains transparent policy by disseminating all information to all its stakeholders, from time to time, under Clause 36 of the Listing Agreement, which would impact performance/operations of the Company.

The above information is a part of company’s filings submitted to BSE.

 


 

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