In the Capital Market

ABAN LOYD CHILES OFFSHORE, an Indian offshore drilling company with two fully operational jack-up rigs, is coming to the market with a public issue of 11,28,600 equity shares of Rs 10 each at par to raise a part of the finance re-quired for its Rs 19.14 crore project. Aban Loyd's promoters are Aban Con-structions, (Madras) which has ex-perience in onshore drilling operations and Asian Techs (Cochin). The company has financial and technical collaboration with India Offshore, a subsidiary of Chiles Alexander Offshore, a leading American offshore drilling company