In the Capital Market

Advani-Oerlikon, aname synonymous with welding products, is going public with an issue of shares linked with non-convertible debentures. The objective of the issue is to dilute the promoter's shareholding to 60 per cent which will facilitate listing of the com-pany's shares on the stock exchanges. Besides, the issue will augment the long-term resources of the company necessary to finance its ambitious modernisation pro-gramme.