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Electrolux rights issue soon

New Delhi, April 2: Electrolux today said it is planning to come out with a rights issue soon. “We see India as a growing market. We are planning to come out with a rights issue. We need to create a base and a structure that we can build on, because we think we have a lot to offer in India,” Johan Bygge, senior executive vice president of Electrolux said. He, however, did not divulge the size of the proposed rights issue saying “it will be a fairly sizeable one.”

Mascot plan

Mumbai, April 2: Mascot Systems Ltd, an offshore software services company, has proposed to acquire the contact centre and facility management business of Delhi-based IT&T Ltd for Rs 21.17 crore. The acquisition of contact centre for Rs 18.88 crore ($ 3.95 million) would bring in 400 employees, equipment and intellectual property into Mascot’s fold.

CA review

New Delhi, April 2: The peer review board of the Institute of Chartered Accountants of India (ICAI) will hand out indictments or clean chits to fellow auditors within a time schedule of three and a half months.

Moser Baer

New Delhi, April 2: Embarking on a twin strategy of own branding and a strong focus on the local market, Moser Baer India Ltd today announced ‘MoserBaer’ branded optical media products for the Indian market.

Dabhol revival

Mumbai, April 2: Indian lenders to the troubled Dabhol Power Company said they have made “some progress” in their talks with foreign lenders at Singapore today to iron out their differences, including restructuring of the project.


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