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“This document has been prepared by SSKI Investor Services
Pvt. Ltd. (SHAREKHAN) This Document is subject to changes
without prior notice and is intended only for the person or
entity to which it is addressed to and may contain
confidential and/or privileged material and is not for any
type of circulation. Any review, retransmission, or any other
use is prohibited. Kindly note that this document does not
constitute an offer or solicitation for the purchase or sale
of any financial instrument or as an official confirmation of
any transaction.
Though disseminated to all the customers simultaneously, not
all customers may receive this report at the same time.
SHAREKHAN will not treat recipients as customers by virtue of
their receiving this report.
The information contained herein is from publicly available
data or other sources believed to be reliable. While we would
endeavour to update the information herein on reasonable
basis, SHAREKHAN, its subsidiaries and associated companies,
their directors and employees (“SHAREKHAN and affiliates”) are
under no obligation to update or keep the information current.
Also, there may be regulatory, compliance, or other reasons
that may prevent SHAREKHAN and affiliates from doing so. We do
not represent that information contained herein is accurate or
complete and it should not be relied upon as such. This
document is prepared for assistance only and is not intended
to be and must not alone betaken as the basis for an
investment decision. The user assumes the entire risk of any
use made of this information. Each recipient of this document
should make such investigations as it deems necessary to
arrive at an independent evaluation of an investment in the
securities of companies referred to in this document
(including the merits and risks involved), and should consult
its own advisors to determine the merits and risks of such an
investment. The investment discussed or views expressed may
not be suitable for all investors. We do not undertake to
advise you as to any change of our views. Affiliates of
Sharekhan may have issued other reports that are inconsistent
with and reach different conclusion from the information
presented in this report.
This report is not directed or intended for distribution to,
or use by, any person or entity who is a citizen or resident
of or located in any locality, state, country or other
jurisdiction, where such distribution, publication,
availability or use would be contrary to law, regulation or
which would subject SHAREKHAN and affiliates to any
registration or licensing requirement within such
jurisdiction. The securities described herein may or may not
be eligible for sale in all jurisdictions or to certain
category of investors. Persons in whose possession this
document may come are required to inform themselves of and to
observe such restriction.
SHAREKHAN & affiliates may have used the information set forth
herein before publication and may have positions in, may from
time to time purchase or sell or may be materially interested
in any of the securities mentioned or related securities.
SHAREKHAN may from time to time solicit from, or perform
investment banking, or other services for, any company
mentioned herein. Without limiting any of the foregoing, in no
event shall SHAREKHAN, any of its affiliates or any third
party involved in, or related to, computing or compiling the
information have any liability for any damages of any kind.
Any comments or statements made herein are those of the
analyst and do not necessarily reflect those of SHAREKHAN.”
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