August 7, 2006
The media had reports on August 04, 2006 that Sabre Capital, Spinnaker Capital and Deutsche Bank will together acquire about 40% stake in Morepen Laboratories Ltd.
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.
Morepen Laboratories Ltd has vide its letter inter-alia stated, "We wish to inform you that the Company's CDR proposal has already been approved, the due disclosure of which has been made. We are at an advanced stage of negotiations with a group of investors and further details can be furnished only when the matter is finalized."
Source: National Stock Exchange of India Limited
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