ELDER PHARMACEUTICALS LTD. - Clarifies on News item

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20 May 2014
With reference to the news captioned "India Inc. invested USD 5.58 bn in overseas markets in April" is appearing in a number of online editions of various newspapers, portals and blogs and is being attributed to Press Trust of India (PTI). The news mentions, inter alia, that Elder Pharmaceuticals Limited had committed USD 1.3 billion in the form of loans to its Wholly Owned Subsidiary in the United Arab Emirates, In this regard Elder Pharmaceuticals Ltd has clarified to BSE that there is no such proposal or commitment made by Elder Pharmaceuticals Ltd with respect to its Wholly Owned Subsidiary in Dubai.
View all announcements for ELDER PHARMACEUTICALS LTD.	Source: BSE India

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