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GAMMON INDIA LTD. - Clarifies on news item
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24 Nov 2014
With reference to the news item appearing in a leading newspaper dated November 21, 2014 titled &quot;Gammon Infra Put on Sale&quot;, Gammon India Ltd has Clarified to BSE as under:&lt;br/&gt;&lt;br/&gt;1. The Company does not comment on speculative news appearing in the media.&lt;br/&gt;&lt;br/&gt;2. The Company has not entered into any negotiations for sale of stake in Gammon Infrastructure Projects Limited.&lt;br/&gt;&lt;br/&gt;3. As a part of the Company&apos;s obligations to its lenders who have consented to the CDR package, the Company has undertaken to evaluate divestment opportunities to reduce the debt burden.&lt;br/&gt;&lt;br/&gt;Further note that the Company is aware of its disclosure obligations under clause 36 of the Listing Agreement and will abide by its obligations to make appropriate disclosures as and when such disclosures are necessitated by any decision taken by the Company.
View all announcements for GAMMON INDIA LTD. Source: BSE India