Kojam Fininvest terms news item as speculative

With reference to the news item appearing in leading English Daily titled "Piramal Scooping up Saint-Gobain Chunk", Kojam Fininvest Ltd has clarified that the Company and / or its subsidiaries, explore various strategic moves from time to time in the flacconage business. However, as a policy and in the interest of its shareholders, the Company does not comment on any report relating to potential strategic initiatives unless they have reached the definite stage. Any comment by the Company on strategic initiatives that are either preliminary in nature or at the negotiating stage would otherwise be speculative.

The Company has advised that the news report is speculative.

Source : Equity Bulls

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