Friday, January 25, 2008

English Indian clays Ltd announces to give 1:6 rights issue

English Indian Clays Ltd said on Friday that its board has approved raising Rs 74.48 crore through a rights share issue, to part-fund a starch-manufacturing project in Karnataka
The 1:6 rights issue, will be priced at Rs 1,000 each, the company said in a statement.
English Indian Clays Ltd, established in 1966, operates China Clay mines in the southern most state of India, in lush green Kerala. The company's clay mining and refining operations center around Trivandrum where the processing plant produces several grades of refined Kaolin (China Clay - both Spray Dried and Rotary Dried), Metakaolin and Calcined Kaolin (clays) to cater to the Paper, Paint, Rubber, Plastic, Fiberglass, Cement and Ultramarine industries.

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