November 29, 2006
The media had reports that the promoters of Bal Pharma Limited are in discussions to offload stake to a strategic partner.
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.
Bal Pharma Limited has vide its letter inter-alia stated, "We deny the cited news in toto and in particular that the promoters of the Company are in discussion to offload stake to strategic partners."
Source: National Stock Exchange of India Limited
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