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| Exchange Disseminated Time 04/09/2015 12:26:42 | With reference to the news reported in Economic Times on September 04, 2015 titled "Henkel Plans India Return with 26% in Jyothy Labs", Jyothy Laboratories Ltd has Clarified to BSE as under :
"We would like to inform you that as per our letter dated May 5, 2011 to exchanges, Henkel AG has an option to acquire upto 26% of the equity share capital of Jyothy Laboratories Ltd through primary and/or secondary transactions, after a period of 5 (five) years, subject to the terms and conditions to be mutually agreed.
They have an option which they can exercise between April 1, 2016 and March 31, 2017. The article incorrectly mentions that the deadline for the same is March 31, 2016.
As of now there is no development in this regard and the report is speculative. In case there is any development; we shall inform the exchanges." |
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