Olectra Greentech has clarified that the news article at this moment is unsubstantiated, considering the fact that our SPV has not received any such communication from the MSRTC as of now.
Awaiting price reaction for this filing.
Olectra Greentech has issued a clarification in response to a recent news article, stating that the report is unsubstantiated at this time. The company clarified that its Special Purpose Vehicle (SPV) has not received any communication from the Maharashtra State Road Transport Corporation (MSRTC) as of now. This is a company-led rebuttal of potentially market-moving media coverage. The original BSE filing page was unavailable (page moved/error), so further details of the news article being denied are not accessible.
Shareholders should note this is a company denial of a news report — the stock may have seen volatility on the original news and could see a relief move on the clarification. Investors should watch for any subsequent official disclosure from either Olectra Greentech or MSRTC to confirm the company's stance.