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Home / India News / 2007 / January / January 11, 2007
News about Omax Autos Limited - National Stock Exchange of India Limited

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News about Omax Autos Limited - National Stock Exchange of India Limited

January 11, 2007

The media had reports on January 10, 2007 that Omax Autos Limited is mulling to set up a plant in Central India and is also scouting for a JV partner for exports market.

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.

Omax Autos Limited has vide its letter inter-alia stated, "We have no specific plans to put a new plant in Central India. However, as informed earlier, there are plans to put up a new manufacturing unit in the state of Uttranchal. Further as informed , the Board of Directors at their meeting held on October 24, 2006 have decided to establish a wholly owned subsidiary / joint venture / acquisition of business outside India / expansion of existing business. As such, there is nothing new."

Source: National Stock Exchange of India Limited

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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