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| Exchange Disseminated Time | | With reference to the news item appearing in the leading financial daily titled "HMT, Mitsubishi inching close to announcing JV for MUVs", HMT Ltd has clarified to BSE that the Company has been continuously looking around for new technology for diversification and upgradation of its facilities from world-renowned manufacturers inclosing Mitsubishi, as a continuous strategy for business development. The Company has not arrived at any decision for entering into JV or a technical collaboration or MOU with Mitsubishi for manufacture of multi utility vehicles. At this juncture, the Company is unable to provide further information as the entire proposal is at a premature stage. |
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