Dasgupta denies any IPO plans, or joining Siti Cable’s HITS

With reference to two articles published yesterday, SET India looking to revive IPO plans and SET plans novel use of STBs SET India CEO Kunal Dasgupta has issued the following denial
This has reference to the two articles in today’s site where I want to clarify the following:
1. At no point did I indicate that we would start working on an IPO. Your journalist in question kept persisting that the IPO issue should open now that CAS is over. At this point I wish to reiterate that there is no such move.
2. I have also been quoted as saying that we would be joining the HITS platform. I would like to clarify that this is misrepresented and out of context. What I had indicated was that HITS was relevant only if CAS was in force, and now that CAS has been deferred, there would be no HITS platforms operating. As and when we find that multiple HITS platforms have launched, we as a content provider would not be averse to working out deals under certain conditions. This has been misquoted and is out of context.
We regret the confusion over what was conveyed.