January 8, 2007
The media had reports on January 05, 2007 that Atlanta Limited is planning to dilute 15% of its promoters' stake to fund expansion projects. Further, the company is also planning to foray into airport maintenance and related services.
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.
Atlanta Limited has vide its letter inter-alia stated, "We would like to clarify that, in an interview with the media, we have told only about our business plans which we are considering and possible means of finance for those plans. We have not yet finalised anything reported in the news item."
Source: National Stock Exchange of India Limited
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