The media had reports that HTMT Global Solutions Ltd. may acquire a UK -based BPO company and invest over $110 million for the same.
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.
HTMT Global Solutions Ltd. has vide its letter inter-alia stated, We would like to clarify that the company on an ongoing basis is looking at acquisitions to grow inorganically.The company has multiple target oppurtunities that it evaluates. The sizes of these oppurtunities also vary, from mid-size to large sized ones. Discussions and negotiations process is continuing and there is no further development that could constitute a "disclosable event".
If any conclusion towards acquisitions of any company is reached, then before such event, the company will definitely make adequate disclosure to the Exchange." -- www.nseindia.com
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