The Financial Express -- Corporate

Tuesday, December 9 1997

ITI puts $100-million debt plan on hold Telecom giant ITI Ltd has deferred its $100 million external commercial borrowing (ECB) plan. The decision follows the sharp devaluation of the rupee against the dollar in the last few weeks. ITI had planned to go in for an ECB of $100 million to meet the company's capital expenditure needs.
Godrej may buy back Ezee, Trilo brands from Procter & Gamble Godrej Soaps Ltd is exploring the possibility of re-acquiring Procter & Gamble's (P&G) detergent brands -- Ezee and Trilo -- which have been put on the block. Both these brands, it may be recalled, belonged to the Godrej stable and was transferred to P&G when Godrej entered into an alliance with it in 1993.	Hinduja Finance to table buy-back of shares at annual general meeting Hinduja Finance Corporation is expected to pass a special resolution in its annual general meeting, seeking the shareholders' approval to buy back shares. Meanwhile, the shareholders have proposed to move an amendment insisting that the company honour a commitment made in 1996 to buy back shares at Rs 400 per share.

ITI puts $100-million debt plan on hold