Archive for the 'Dunlop tyres' Category

Lack of fund stalls production at Dunlop

Production at Dunlop India Limited’s Sahaganj unit near here, which reopened in January after being closed for nearly seven years, has come to a halt owing to lack of working capital, West Bengal Industry minister Nirupam Sen said on Monday.

“Work at the unit has come to a halt because there is no working capital”, Sen told newsmen here after a meeting with CITU state secretary Kali Ghosh and its Hooghly district leader Santashri Chatterjee. More

Courtesy:economictimes.indiatimes.com

Dunlop extends rights offer till April 24

Dunlop India has extended the ongoing rights offer till April 24. The decision is aimed at participation of a larger number of existing shareholders. The issue, which opened on April 2, was already extended from April 6 to April 9 and was “oversubscribed” with financial institutions having applied for additional allotments.

Talking to newspersons after the company’s extra-ordinary general meeting here on Saturday, the Chairman, Mr P.K. Ruia, said that though the issue was oversubscribed, there were requests for extension of the same. More
Courtesy:www.indiacar.net


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