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| Exchange Disseminated Time 08/09/2015 13:49:05 | With reference to the news reported in The Economic Times, 08/09/2015 - "JSW Energy to buy Bina Power for Rs.3.5K Cr.", JSW Energy Ltd has Clarified to BSE as under:
"we refer you to our letter of date together with the Press Release given to the Exchanges with regard to:
1. Acquisition of (i) 300 MW Baspa II hydro electric project located at Himachal Pradesh, and (ii) 1,091 MW Karcham Wangtoo hydro electric project located at Himachal Pradesh from Jaiprakash Power Ventures Limited
2. Signing of Binding Memorandum of Understanding (MoU) with Jaiprakash Power Ventures Limited to acquire 100% stake in the 500 MW Bina Thermal Power Plant.
We wish to further inform that soon after any information warranting disclosure pursuant to Clause 36 of the Listing Agreement is completed/concluded, the same is promptly communicated to the Exchanges in terms of the Listing Agreement. Furthermore, the Company is not aware of any information that has not been communicated to the Exchanges pursuant to the listing agreement that could explain any movement in trading of the Company’s shares.
The Company has consistently been complying with the provisions of the Listing Agreement and making requisite disclosures in a timely manner and will continue to do so in accordance with the extant guidelines." |
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