BSE WARNS AGAINST SPREADING RUMOURS

The Stock Exchange, Mumbai would like to caution the investors against rumours which have been floating in the market relating to the payment problems at the Exchange. Investors are requested not to be misled by such rumours. The investors may verify any such rumour with the Exchange authorities by sending their queries, in writing on Fax. No. (022) 267 5824.

BSE reserves the right to initiate action against persons providing misleading information with a view to tarnish the image of the Exchange or any officer of the Exchange or destabilize the market which would be detrimental to the interest of the investors.

WITHOUT PREJUDICE TO THE AFORESAID, BSE RESERVES THE RIGHT TO INITIATE AND CONDUCT LEGAL PROCEEDINGS, BOTH CIVIL AND CRIMINAL, AGAINST PERSONS OR ENTITIES WHO INDULGE IN SPREADING RUMOURS WITH AN INTENTION TO CAUSE IMBALANCES IN THE MARKET WHICH WOULD BE DETRIMENTAL TO THE INTEREST OF THE INVESTORS.

R. Vaidyanath
General Manager
Business Development

March 16, 2001