United Power explains its position on published news

United Power Generation & Distribution Co. Ltd, in response to a DSE query dated May 15, 2018 regarding a news published in a newspaper with regard to "United Power is purchasing 3 power plants of the group", the company said: "We categorically express that we are not in a position to subscribe to the authenticity of the news. United Power Generation & Distribution Company Limited (UPGDCL) being a listed company operates following certain standards/norms conforming to the applicable regulatory precincts. In this regard, we would like to assure you that any strategic decisions by the company should be done following appropriate norms of business and if applicable, proper market disclosures (PSI) will be provided. The Board in principle has not taken any decision in this matter till date".

— DSE Online