BRITANNIA INDUSTRIES LTD. - Clarification

Britannia Industries Ltd vide its letter dated February 21, 2017 has informed BSE about the following :<BR><BR>"With reference to the newspaper article published in Economic Times titled "Britannia Regains Taste for Tie-ups, May Bake a JV with Greeces Chipita", this is inform you that the Company has signed a non-binding Memorandum of Understanding (MOU) with Chipita, a Greek Company for exploring certain business opportunities.<BR><BR>The Company is in advance stage of discussion with Chipita to finalize definitive agreements inter alia includes Joint Venture Agreement. The Company will inform the stock exchange once the partnership is established and agreements are signed."