Mr Pawamkumar Sanwarmal, has
pledged 1,45,000 shares of Pilani Investments and Industries
Corporation amounting to Rs 112.66 crore as part of his funding
arrangements for the 20 per cent counter-open offer for Forbes
Gokak at Rs 88.50 a share.
Notwithstanding recession in
the aviation sector, Air Sahara is planning major expansion
schemes and is aiming to double its market share by the end
of 2002 from an existing nine per cent.
In a bid to establish direct
customer contact, Japanese watch major Citizen has proposed
to set up company showrooms in each of the towns in the country.
