August 4, 2006
The media had reports that Strides Arcolab Limited is looking at European generic companies for acquisition.
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.
Strides Arcolab Limited has vide its letter inter-alia stated, "The Company denies the content of the news item, which is speculative and not factual."
Source: National Stock Exchange of India Limited
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