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Saturday 1 December 2007

B.A.G Films and Media Limited

News Verification : The media had reports that B.A.G Films and Media Limited may sell 26 percent stake in Big Glamour to Star TV. 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. B.A.G Films and Media Limited has vide its letter inter-alia stated,"The Company has not sold any stake of B.A.G Glamour to Star T.V. Further, the funds through FCCB's are to be raised in the Company and not in B.A.G Glamour Pvt. Limited as is quoted in the media."

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