May 4, 2006
The media had reports that Ceat Ltd is looking to dispose off its land between Bhandup and Mulund.
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.
Ceat Ltd has vide its letter inter-alia stated, "We wish to inform you that the Company does not have any immediate plan with regard to disposal of land at Bhandup Plant. We also confirm that the news item carried by the media has nothing to do with the Company and the Management."
Source: National Stock Exchange of India Limited
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