The media had reports that Power Grid Corporation of India Limited is in talks with Zee Network Ltd for a joint venture towards its foray into entertainment business.
The National Stock Exchange Of India, 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.
Power Grid Corporation of India Limited has vide its letter inter-alia stated,"In this connection, we wish to intimate that the Company is not in talks with Zee Network Ltd for a joint venture towards a foray into entertainment business and the news appeared in the daily has not been published by the Company." -- www.nseindia.com
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