“W hilew estronglybelieveintheright tofreespeech,anditsim portancetothem arketplace,Mr. V erghese"scom m entshavecrossed theline - particularlygiventhat O lam w as apparentlyli-ghtningquicktofileits ow ndefa-m ationsuit against us.”
Inits report datedN ov. 28,O lam firedback at allegationsbyM uddy W aters that the com pany facedrisks of insolvencybycitinga reportfrom S& P onhow theratings firmadjusts com panies"debt levels forliquid agricultural assets.
V erghesebought thesharesfrom the openm arket onFriday,raisinghis stake inO lam to4.67percent from 4.63percent,thecom panysaidin afilingtothestockexchange.