ELDER PHARMACEUTICALS LTD. - Clarifies on News item
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| 11 Sep 2015 | |
| With reference to the news reported in Mint, 11/09/2015 - "Elder Pharma to sell assets to clear debt", Elder Pharmaceuticals Ltd has Clarified to BSE as under :<BR><BR>"We wish to inform you that the Company had always promptly informed / intimated to the BSE /NSE all the events, information etc. which have a bearing on operation / performance of the Company including all price sensitive information pursuant to clause 36 of the listing agreement.<BR><BR>At present, the Company is in the process of restructuring as a whole and hence is under advance negotiation/discussions with prospective lenders who would be interested in this exercise for the Company's revival and as such no final formal agreement has been signed off from our end. We shall definitely inform the exchanges as soon as the final decision is taken by the board well in advance, with regard to the financial arrangement that may happen and shall keep you also informed the events that might take place in its entirety.<BR><BR>At this juncture, we would like to inform you that the company is not fully aware of the statements published in the article referred above. However, we will strictly adhere to clause 36 of listing agreement and shall promptly inform you the developments that may happen in this regard. We are therefore, unable to comment upon the variation in the prices and the volumes on the exchanges." | |
| View all announcements for ELDER PHARMACEUTICALS LTD. | Source: BSE India |
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