PLETHICO

Price movement : Significant price movement has been observed in Plethico Pharmaceuticals Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Plethico Pharmaceuticals Limited has vide its letter inter-alia stated,"There is no event/information that have to be announced to the exchanges which may have any bearing on the operations/performance of the Company."

Plethico Pharmaceuticals Limited has informed the Exchange with reference to the news item that was flashed on a leading financial news channel regarding the enquiry on the Company, the Company clarified to the Exchange that there is no basis to the rumor and the Company denies all alleged contents.

News Verification : The media had reports that Plethico Pharmaceuticals Limited may pick up around 20% stake in a UAE based pharma retail chain with operations in the CIS region for around $ 20-22 million. 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. Plethico Pharmaceuticals Limited has vide its letter inter-alia stated, "We ourselves have not yet finalized anything pertaining to these business plans. There is n

News Verification : The media had reports that Plethico Pharmaceuticals Limited may acquire a US-based Nutraceuticals company for about $100 m. 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. Plethico Pharmaceuticals Limited has vide its letter inter-alia stated, "Answering to specific question by media, our CFO remarked that an organization such as ours is constantly on the look out for acquisitions, though we d

News Verification : The media had reports that Plethico Pharmaceuticals Limited plans to acquire a contract manufacturing company and a retail pharmacy chain in the US. 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. Plethico Pharmaceuticals Limited has vide its letter inter-alia stated, "We would like to confirm that the news is absolutely correct as the company is pursuing many proposals related to the acquisitio

News Verification : The media had reports that Plethico Pharmaceuticals Limited plans to acquire a contract manufacturing company and a retail pharmacy chain in the US. 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 from Plethico Pharmaceuticals Limited.