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VALECHA ENGINEERING LTD. - Clarifies on News item
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25 Aug 2014
With reference to the news item appearing in the news channeal dated August 22, 2014 captioned &quot;Valecha Engineering in talks with foreign player to sell stake in 3 road projects&quot;, Valecha Engineering Ltd has Clarified to BSE as under:&lt;br/&gt;&lt;br/&gt;&quot;The Company receives various proposals from both National and International prospective investors, sometimes directly and sometimes through investment bankers for participation in our road projects. This is not uncommon with companies like us who are heavily invested in the Road BOT Projects. However, as on date, the Company has not entered into any binding contracts with any person either towards stake sale or towards any potential joint ventures. As such, there has been no development which merits a disclosure by the Company under Clause 36 of the Listing Agreement.&lt;br/&gt;&lt;br/&gt;We wish to state that we are in full compliance of our obligations under Clause 36 of the Listing Agreement. As and when there is any development which requires a disclosures, we will comply with the disclosures requirements under Clause 36 appropriately&quot;.
View all announcements for VALECHA ENGINEERING LTD. Source: BSE India