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ICICI Bank picks up 5.01% stake in Mascon Global (The Hindu Business Line 1st Jan 2008) Mascon Global Ltd has informed the BSE that upon receipt of Letter of Offer on December 31, 2007 from ICICI Bank Ltd, Mr. K Chandra, the company's Executive Chairman & CEO has informed that he has signed the Letter of offer dt December 31, 2007 f rom ICICI Bank Ltd for purchase of the equity shares constituting around 5.01% of the total paid-up capital of the company. More
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ITI Ltd seeks Rs2,000 crore aid from government (Live mint.com 26th Dec 2007) The funds are being sought to wipe out accumulated losses of Rs2,225 crore and to obtain working capital for telecom equipment manufacturing. According to a company official who did not wish to be named, a committee has been set up by the Centre to finalize the package. More
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