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Clarifies on News Item

| Updated on October 01, 2014 Published on October 01, 2014

With reference to the news item appearing in the newspaper titled "IVRCL puts up Rs. 4k-cr assets for sale", IVRCL Ltd has Clarified to BSE as under:

"1. We would like to state that, as part of strategic business plan to monetize BOT assets, IVRCL proposed to divest its stake in certain Road Projects and Water Projects. The same has been mentioned in press release dated April 01, 2013 under copy to stock exchanges. Therefore, the news is already in public domain. Further, as per the CDR Package, the company is required to monetize certain assets and the above point has been clarified to the shareholder in the AGM held on September 26, 2014 to his query.

2. We are not aware of any information that could explain the increase in the scrip by 9.7% on October 01, 2014 moving from Rs. 15.44/- to Rs. 16.94/-."

Source : BSE - >www.bseindia.com

Published on October 01, 2014
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