The media had reports that Al Rostamani Group may pick up 25% stake in GHCL for around $200 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.
GHCL Limited has vide its letter inter-alia stated, "The Company is an expanding organization and exploring growth opportunities organically and in-organically both. As a sequel to this effort, we keep examining various proposals for funding requirement. Any specific proposal till it is finalized cannot be commented upon. The Stock Exchange will be informed whenever any proposal gets crystallized." -- www.nseindia.com
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