The media had reports that Punjab Chemicals & Crop Protection Limited is planning to buyout a US based entity.
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.
Punjab Chemicals & Crop Protection Limited has vide its letter inter-alia stated, "The Company is exploring the possibilities of acquiring the product portfolio as part of inorganic growth, which is a routine on-going activity of the company."
"The company is scouting for acquisition in US and other European countries. As and when we finalize any deal/acquisition we will inform to the Exchange accordingly." -- www.nseindia.com
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