April 19, 2006
The media had reports that Hinduja TMT Limited's information technology and business process outsourcing business will be demerged from the media, content and distribution business.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Hinduja TMT Ltd has vide its letter inter-alia stated, "We would like to clarify that a move to restructure the Company's business is under consideration. However, various options are being examined and approval of Board has yet to be sought"
Source: National Stock Exchange of India Limited
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