MUMBAI: Swiss-based tour operator Kuoni Travel has completely bought over SOTC for Rs 50 crore. Kuoni which began with a 51 per cent stake in the venture subsequently raised it to 64 per cent early this year. The new entity has been renamed SOTC Kuoni Travel Corporation. The new board of the company will have Ranjit Malkani as chairman and managing director and three other directors Hans Lerch, Peter Frtankhauser and Max Katz.

Anagram Fin

MUMBAI: The Rs 1,000-crore Anagram Finance Ltd, an associate of the Arvind Mills Ltd, has its branch office in Bhopal. The branch offers the entire range of financial services, including auto finance & fixed deposit. Crisil has recently upgraded the Fixed deposit programme of the NBFC to FAA.

20th Century

MUMBAI: 20th Century Finance Corporation has revised the interest rate for its Viswas deposits programme. The revised rates would be effective from 12th May 1997. Under the new rates TCFC will be offering 14 per cent, 14.5 per cent, 15 per cent and 15.5 per cent compounded monthly on deposits og 12, 18, 25 and 30 monthly respectively. Deposits for 36 months and above will offer an interest rate of 16 per cent compounded monthly.Exim Bank

MUMBAI: The Exim bank, in association with the Asian Development Bank, had organised a series of two-day seminars at New Delhi, Mumbai, Bangalore and calcutta recently.

The exercise was a part of its information dissemination efforts to strengthen existing relationship with ADB.

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.