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Security Code : 512599    Company : ADANIENT    
 
Adani Enterprises Ltd reply to clarification sought by the exchange 18 Nov 2014 16:30
The Exchange has sought clarification from Adani Enterprises Ltd with respect to news article appearing on news article appearing on Hindustan Times on November 18, 2014 titled "Adani ties up $1-bn SBI loan for OZ coal venture"

Adani Enterprises Ltd replied stating "The Company has signed Memorandum of Understanding (''MOU") with State Bank of India ("SBI") wherein SBI has agreed in principle to consider extending financial assistance of an amount upto USD 1 bn for development of Carmichael coal mine. This is, however, subject to SBI's due diligence and internal credit approval and also pursuant to the definitive understanding/agreement to be executed between the parties."
 

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