ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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In the capital Market

Banco Products {India), which has 25 years standing in the automotive industry, is entering the capital market with an issue of 3 lakh equity shares of Rs 10 each at a premium of Rs 5 per share and one lakh 15 per cent secured redeemable convertible debentures of Rs 100 each at par. This is not a linked issue. Investors can apply for shares or debentures or both. A sum of Rs 30 out of each debenture will be con-verted into 3 equity shares of Rs 10 each at par on June 30, 1987. The issue will open for non-residents on August 25 and for Indian Public on September 3, 1986. The company manufactures gaskets and radiators for automobiles, oil engines, compressors, locomotives, machineries, etc. Its products are well accepted by original equipment manufacturers and in the replacement market. The company is a regular supplier

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