With reference to the Increase in Price, Dion Global Solutions Ltd has Clarified to BSE as under :
'Dion Global Solutions Limited ('the Company') keeps on intimating BSE Limited about all material events, information etc. that have a bearing on the operation/performance of the Company as soon as any such event happens, in compliance with the requisite Clauses of the Listing Agreement.
In reference to your query vide the above letter, on any events that have taken place which may have a bearing on the price behavior in the scrip, we would like to inform you that we have intimated about all material events to BSE Limited in terms of the Listing Agreement and there is no pending information/announcement which in our opinion may have a bearing on the price behavior of the scrip of the Company
However, we believe that as India has signed The Foreign Account Tax Compliance Act (FATCA) agreement with USA on Thursday July 9, 2015, it seems that the same has generated a lot of excitement among the investors and may have a bearing on the price movement of the scrip. The Company, being in Software Product and Solutions business, has a suite of software products which helps Financial Institutions to comply with FATCA regulations and the above pact has created significant opportunity for the Company in Indian Market.'
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