National Machinery

NATIONAL Machinery Manufacturers is offering lor public subscription 20,000 eight, per cent unsecured convertible bonds of lis 500 each to raise part oi the finance required for a Rs 237-lakb project to manufacture synthetic fibre machinery at Barodu. The technical know-how will be provided by Barmag Banner Maschinenlabrik Akticngcsells-chaft of West Germany. The plant is ex-pected to go into production by the end of 1973. The subscription list will open on September 10 and close on Septem-ber 14 or earlier, but not earlier than September 12