ALPIC TO STOP ACCEPTING, RENEWING DEPOSITS
Article Abstract:
Alpic Finance Ltd plans to stop accepting fresh public deposits and renewals of existing deposits from March 1, 1999. It plans to seek funding support from institutions and will concentrate more on debt instruments and lines of credit from banks and financial institutions. The company's working capital limit was recently increased from Rs115 crore to Rs135 crore by its bankers. It has also received in principle approval for a line of credit from the FMO, Netherlands. (khr)
Comment:
Alpic Finance Ltd plans to stop accepting fresh public deposits and renewals of existing deposits from March 1, 1999.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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DAVE SUCCEEDS DAMANI AS CDSL CHAIRMAN
Article Abstract:
Mr SA Dave, the former chairman of the Unit Trust of India, has taken over from Mr MG Damani as the chairman of the Central Depository Services Ltd. The company has been promoted by the Bombay Stock Exchange. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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