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| Exchange Received Time 08/09/2017 13:00:28 Exchange Disseminated Time 08/09/2017 13:00:35 Time Taken 00:00:07 | With respect to the above subject, I / Company wish to state and clarify the following:
- The news item appeared is in respect of Nitesh Pune Mall Private Limited, which is tier II Subsidiary of the Company ( NEL), and immediate holding company is Nitesh Indiranagar Retail Private Limited.(NIRPL)
- NIRPL has entered into a NON DISCLOSURE AGREEMENT with CBRE, who have been engaged for exploring the opportunity in Capital Market / possible Investment / stake acquisition etc,. Under the circumstances, we are unable to confirm or deny the news reports.
- The Company has not released and/or not authorized any specific information pertaining to the news report
- I / Company confirm to the Exchange that as and when a definitive agreements are signed or the any transaction materializing, the same will be disseminated in compliance with the requirements of Regulation 30 of SEBI LODR .
We hope, the above clarifies your queries and request you to take the same on record.
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