Spic

The GDR issue may face some resistance, considering that the earlier Euroconvertible issue envisaged conversion of the 2 per cent bonds at Rs 111.30 per share between October 1994 and July 1999. The current value of the stock is around Rs 38.

At first glance, profit at the net level appears to have moved up by 20.12 per cent. But if one were to exclude the