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

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Forthcoming Capital Issues

 IN THE CAPITAL MARKET Forthcoming Rights Issues ANTIFRICTION BEARINGS COR- PORATION has proposed to issue 3.47 lakh partly convertible debentures of Rs 60 each totalling Rs 208 lakh. The company incorporated at Bombay in 1961 is engaged in the manufacture of ball trust, roller and taper bearings. The turnover of the company for the year ended March 1989 was Rs 43 crore up from Rs 7 crore during the year ended March 1977. The company is awaiting the consent of the Controller of Captial Issues before finalising the proportion of rights to existing shares held as also the details of conversion of the convertible debentures.

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