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

 IN THE CAPITAL MARKET Onida Saka ONIDA SAKA, the second company of the Onida group is entering the capital market on June 18 with a simultaneous public issue of 6,00,000 equity shares of Rs 10 each at par (Rs 60 lakh) and 14 per cent secured redeemable partly convertible debentures of Rs 200 each (Rs 360 lakh) aggregating Rs 4.20 crore with a view to financing in part its Rs 7.50 crore audio system and CTV and black and white TV project. Out of the equity issue of Rs 240 lakh, the prompters would be subscribing to Rs 180 lakh and the remaining Rs 60 lakh is being offered to the public. This includes a reservation for preferential allotment to the employees of Rs 12 lakh.

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