BREAKING - HMT Ltd.

The media had reports on September 3, 2007 that HDIL may buy seven million Square feet property of Hmt Ltd. in Kochi. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Hmt Ltd. has vide its letter inter-alia stated, "We would like to inform and clarify that HMT has not entered into any talks with HDIL regarding its property at Kochi or elsewhere in India. We are also not aware of any such details mentioned in the said report regarding the Kochi property and the reported deal size. However, HMT is exploring the possibility of disposal / joint development of its surplus immovable properties in various locations as part of its revival strategies including that of its subsidiaries."