Clarification from Bharati Shipyard Ltd
The Exchange had sought clarification from Bharati Shipyard Ltd with respect to the media report titled "Bharati Shipyard sells wind power business for Rs.55 crore" appearing in Mint on September 22, 2014.Bharati Shipyard Ltd replied as under:"As you are aware, the Company is under CDR mechanism from 2012. As per the CDR norms, State Bank of India, the lead bank, at the instruction of CDR Banks, has decided to sell the Non-core Asset...