Yesterday, July 10, 2014, News media had a report about transfer of ownership of 500k motors website. While a previous news release (“Notice Concerning the discontinuation of 500k motors in India") mentioned “the repurchase of own shares” as an option under consideration as one part of the Company’s strategies for increasing returns to shareholders, there has not subsequently been any decision or announcement regarding specific moves by 500k Motors to repurchase its own shares. If, going forward, a specific decision is made regarding reselling of any brand automobiles such as Bajaj, TVS, KTM, Honda, Suzuki, Yamaha etc.
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500k Motors HR Division,
Public Relations Group
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