GMRINDSTRS

Members of the Exchange are hereby informed that the trading in equity shares of GMR Industries Limited shall be suspended w.e.f. July 13, 2007 (i.e. closing hours of trading on July 12, 2007) on account of Scheme of Arrangement.

News Verification : The media had reports on October 27, 2006 that GMR Industries Limited is mulling a major expansion programme involving close to Rs. 1,000 crore investment to be partly financed through issue of foriegn currency convertible bonds (FCCBs) or private placement of equity. Further, the company has also decided to enter into the field of carbon trading. 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.

News Verification : The media had reports that GMR Industries Limited is mulling a major expansion programme involving close to Rs. 1,000 crore investment to be partly financed through issue of foriegn currency convertible bonds (FCCBs) or private placement of equity. Further, the company has also decided to enter into the field of carbon trading. 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. Reply is awaited fro