August 2, 2006
The media had reports that Mahindra & Mahindra Limited may buy a stake in Ramkrishna Forgings Limited.
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 companies.
Mahindra & Mahindra Ltd has vide its letter inter-alia stated, "We wish to reiterate that the Report is speculative and the Company is not in a position to confirm or deny the veracity of the Report given its policy of not commenting on speculative Reports."
Reply is awaited from Ramkrishna Forgings Limited.
Source: National Stock Exchange of India Limited
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