July 3, 2006
The media had reports on July 01, 2006 that Pearl Global Ltd may rope in a strategic partner for its retail foray.
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.
Pearl Global Ltd has vide its letter inter-alia stated, "This activity is proposed to be undertaken by the Group Company "HOUSE OF PEARL FASHIONS PVT LTD." As such no activity into retail is being planned in the listed entity Pearl Global Ltd."
Source: National Stock Exchange of India Limited
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