January 4, 2007
The media had reports that Mercator Lines Limited may go in for a rig sale and private placement.
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," We hereby clarify that the company does not have any such plan i.e. either Rig sale and/or placement at Rs. 60/-."
Source: National Stock Exchange of India Limited
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