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GAYATRI PROJECTS LTD. - Clarification from Gayatri Projects Ltd
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15 Jul 2014
The Exchange had sought clarification from Gayatri Projects Ltd with respect to the news article in the Media (DNA India - July 15, 2014) that &quot;Sembcorp buys Rs. 400 crore stake in power plant&quot;&lt;br/&gt;&lt;br/&gt;Gayatri Projects Ltd has replied as under:&lt;br/&gt;&lt;br/&gt;&quot;Since morning, we are in the process of the releasing the Corporate announcement with respect to SEMB&apos;s stake increase in TPCIL from 49% to 65% as a result of conversion of outstanding convertible preference shares and some portion as a fresh equity infusion. &lt;br/&gt;&lt;br/&gt;The news is released now. This is not a rumour.&quot;
View all announcements for GAYATRI PROJECTS LTD. Source: BSE India