Greater Pacific Capital invests in Mascon Global

Mascon Global Ltd has announced that London-based investment firm Greater Pacific Capital on March 18, 2008 announced that it has recently made a strategic investment in Mascon Global Ltd (MGL). As part of its continued commitment to providing capital and expertise to knowledge- based businesses in India and China. Greater Pacific Capital is poised to enhance MGL's position as a specialist Company in the field that is emerging in the intersection of two highly attractive areas - financial services and knowledge-based processing services.

"We have always believed that the core strengths of MGL are yet to be fully understood by the investment market place," said Sandy Chandra, CEO and Chairman of MGL, adding that Greater Pacific Capital will bring in a lot of visibility and significant board level guidance to drive MGL's future growth plans.

The stock was trading at Rs.13.75, down by Rs.1.10 or 7.41%. The stock hit an intraday high of Rs.15.10 and low of Rs.13.60.

The total traded quantity was 81730 compared to 2 week average of 521352.

Source : Equity Bulls

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