Albert David

IN THE CAPITAL MARKET Gujarat Heavy Chemicals GUJARAT HEAVY CHEMICALS (GHCL) will enter the capital market on August 18 with an issue of 3,52,50,000 equity shares of Rs 10 each for cash at par, aggregating Rs 35.25 crore. Of the total issue, Rs 13.88 crore worth of equity shares have been reserved for non-resident Indians, Rs 1.50 crore for farmers, agriculturists, cooperative societies and rural investors, Rs 3.60 crore for employees, and Rs 1.87 crore for shareholders of promoter companies. The balance of Rs 14.40 crore worth of equity shares are being offered to the Indian public.