The Anil D Ambani Enterprises group through separate notices
from Reliance Capital and Reliance Energy to the BSE has
clarified that it has no plans to acquire companies whose
names have been floating in the market.
group in its notice to the stock exchange said that
it has no plans to acquire Crest Animation, Saregama,
Shringar Cinema, IndusInd Bank and Jyoti Structures.
The notices have quelled all the rumours floating in
the market over its aggressive acquisition plans.
prices of all these companies have been soaring on rumours
that Reliance Capital and Reliance Energy will take
stake in these companies similar to the announcement
made in Adlabs. After yesterday''s announcement the stock
price of all these companies fell.
stock price of music company Saregama rose 20 per cent
in the last one week. Similarly, Crest Animation rose
28.40 per cent in a
week''s time. Shringar Cinema, which is into film production
and multiplexes, rose 7.19 per cent. IndusInd Bank rose
7.19 per cent last week. Jyoti structures rose 15 per
cent in the last one week.