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ABB India Limited - ABB India Ltd reply to clarification sought by the exchange
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17 Dec 2014
The Exchange has sought clarification from ABB India Ltd with respect to the media report in Business Standard disclosure dated December 17, 2014 stating &quot;ABB &amp; Hitachi to form strategic power grid partnership in Japan&quot; &lt;BR&gt; &lt;BR&gt;ABB India Ltd was requested to submit its clarification under the provisions of Clause 36 of the Listing Agreement.&lt;BR&gt; &lt;BR&gt;ABB India Ltd replied stating &quot;We wish to clarify that the said news item has nothing to do with the Company, i.e., ABB India Limited as it is not a party to the reported partnership arrangement. The aforesaid press release is made by ABB Group worldwide including India, though its Indian entity, i.e., ABB India is not a party to the same.&lt;BR&gt;&lt;BR&gt;In this context, we reiterate that the Company is well aware of its obligations under Clause 36 of the Listing Agreement and would ensure that it would comply the requirements as and when occasion arise.&quot;
View all announcements for ABB India Limited Source: BSE India