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Briefing
Birla Yamaha net up a tad at Rs 6.28 cr
Birla Yamaha Ltd (BYL) has posted a marginal increase in net profit at Rs 6.28 crore for the year ended March 2000 and declared a 11 per cent dividend (Rs 1.10 per equity share). BYL posted a turnover of Rs 69.57 crore (69.37 crore) with a sales of 37,985 units of gensets, the company said in a release in Mumbai on Thursday. Hindustan Photo to be wound up The Board for Industrial and Financial Reconstruction (BIFR) has proposed winding up of the state-owned Hindustan Photo Films Manufacturing Company Limited and Paam Drugs and Pharmaceuticals Ltd. The board stated that in the absence of a viable rehabilitation proposal as well as any interested parties for taking over the ailing unit, it was just and equitable to wind up the companies.Kopran Drugs conversion price
The board of Kopran Drugs has fixed the conversion price at Rs 59 per equity share for conversion of optional convertible CCPs as per the pricing formula given in the scheme of arrangement between Kopran Ltd and the company. The offer period for conversion commences from June 27 and closes on July 31.Bhandari Industries net soars 71%
Bhandari Industries has posted a 71 per cent increase in the net profit to Rs 2.83 crore for the year ended March 2000 as against Rs 1.65 crore in the previous year. Net sales rose to Rs 35.39 crore from Rs 24.05 crore in the previous year.Mitsubishi to invest Rs 20 cr
Japanese auto major Mitsubishi Corporation is investing Rs 20.30 crore in India through its subsidiary - Mitsubishi Electrical Automotive India Private Ltd - to set up an automotive electrical component manufacturing venture in Manesar, Haryana.The company will be an original equipment supplier to Maruti Udyog Limited, Honda Siel Cars India and Hindustan Motors Ltd. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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