shareholders might baulk at the idea of raising fresh capital; I too consider that this course should be adopted only if absolutely necessary. Nevertheless, I would like to remind shareholders that this is one sure means of protecting the investment they have already made in the Company. As the projects entail heavy fixed capital expenditure, THE following is the Statement by Shri R S Bhatt, Chairman, Unit Trust of India, to the Contributors to the Initial Capital of The Trust and Unit Holders for the year ended June 30,
