HINVDIR

News Verification : The media had reports that E*Trade may sell its stake in the company. 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. IL&FS Investsmart Limited has vide its letter inter-alia stated, "At the current juncture, we are not aware of any understanding entered in to by E*Trade with any specific party related to the company. As and when we are intimated by E*Trade, we shall promptly convey the same to

News Verification : The media had reports that IL&FS Investsmart Limited is likely to announce a buyback offer. 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. IL&FS Investsmart Limited has vide its letter inter-alia stated, "In this regard, we wish to clarify that the Company's Board of Directors has not at any time in the recent past considered the proposal to buy back shares of the Company and as on date, there