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

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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.

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