The Financial Express -- Corporate

Thursday, November 27 1997

Indo-Swiss Textile Chem plans 6:1 rights issue Indo-Swiss Textile Chemicals Ltd (ISTCL), a textile dye joint venture between Ciba Specialty Chemicals and Indian Dyestuff Industries (IDI), plans to issue 60 lakh equity shares of Rs 10 each for cash at par to its existing shareholders in the ratio of six shares for every share held in the company. Ciba Specialty Chemicals India is the demerged specialty chemicals business of Hindustan Ciba-Geigy.
TVS Suzuki H1 net spurts 22% to Rs 34 cr TVS Suzuki Ltd has recorded a 21.7% jump in its net profit for the first half of the financial year 1997-98, compared with the corresponding period last year (199-97). Turnover has increased from Rs 392.2 crore to Rs 475.6 crore, a 21.26% growth, while other income shot up substantially from Rs 3.13 crore to Rs 9.3 crore.	ACC H1 net nosedives 62% to Rs 21 crore Associated Cement Companies' (ACC) net profit for the first six months of 1997-98 has crashed 61.5% to Rs 21.21 crore against Rs 55.05 crore in the corresponding period of the previous year. The net was propped by the sale of a cement granulation plant to Tata Steel for Rs 4.95 crore.

Indo-Swiss Textile Chem plans 6:1 rights issue