TULIP

News Verification : The media had reports on March 21, 2014 that "Tulip Telecom CMD arrested for alleged Rs 32 Crore service tax evasion". 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 company. Tulip Telecom Limited has vide its letter inter-alia stated,"The Service Tax Department has detained our Chairman, Lt. Col. H.S. Bedi, for alleged evasion & delay in payment of service tax. The company has undergone significant liquidity pressures

News Verification : The media had reports that Tulip Telecom CMD arrested for alleged Rs 32 Crore service tax evasion. 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 company and reply is awaited from Tulip Telecom Limited.

Spurt in Volume : Substantial increase in trading volumes have been observed in Tulip Telecom 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. Tulip Telecom Limited has vide its letter inter-alia stated, "We would like to clarify to the stock exchanges that it has no information / reasons for the increase in trading volumes. We would like to further state that the operations of the company continue to remain stable and there

News Verification : The media had reports that Tulip Telecom Limited may buy a 26% stake in the US - based company Qualcomm. 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. Tulip Telecom Limited has vide its letter inter-alia stated, "We wish to inform you that as on date there is no formal understanding with any business associate for any such transaction. In the normal course of business, the company keeps explor

Tulip It Services Limited has informed the Exchange regarding the news item appearing in a leading daily (Business Standard), titled "Tulip gets Rs 102 Cr IT project in Haryana". The company has clarified that the company has not received any confirmation/official notification or a Letter of Intent from the Haryana govt. on this project.