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Home / India News / 2007 / January / January 2, 2007
News about Mercator Lines Limited - National Stock Exchange of India Limited

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News about Mercator Lines Limited - National Stock Exchange of India Limited

January 2, 2007

The media had reports that Mercator Lines (Singapore), the wholly owned subsidiary of Mercator Lines Ltd. may list on Singapore Stock Exchange.

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.

Mercator Lines Limited has vide its letter inter-alia stated, "At the outset we have to state that the company has not issued any official release on the subject matter of the news. We would further like to state that our wholly owned subsidiary Company viz. Mercator Singapore (Pte) Ltd. is looking for expansion avenues and appropriate financing plans. However, nothing has been firmed up and the news item appears to be based on the rumours."

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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