Areva T&D India Ltd has informed BSE regarding the flashes in the news media in respect of the Company. The Company communicate the following: "The AREVA group's Supervisory Board, headquartered in Paris, has announced steps to be taken to secure the group's long term financial requirements and strong growth plans. The group is moving forward with various proposals, including the opening of its capital to new strategic partners and its employees. The Supervisory Board has also asked the group's Executive Board to put its global Transmission and Distribution division (AREVAT&D) up for sale, the principal shareholder of AREVA T&D India Ltd. This will involve special attention to the price offered and the industrial and labor projects. AREVA T&D has Euro 5 billion revenues, 31,000 employees, 72 facilities around the world, and is a world leader in its markets. Depending on the interest generated, the decision to dispose of the T&D activity or not and the choice of a potential buyer will be taken before the end of year. Whatever the outcome of this process, AREVA T&D India's focus remains unchanged: ensuring the satisfaction of its stakeholders and delivering on its commitments."
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