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BHUSHAN STEEL LTD. - Clarifies on news items
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24 Aug 2015
With reference to the news item regarding &quot;May sell 35% stake in Orissa mine to Bhushan : Monnet Ispat&quot;, Bhushan Steel Ltd has Clarified to BSE as under:&lt;BR&gt;&lt;BR&gt;&quot;As referred In the news, our discussion with Monnet Ispat regarding purchase of their stake in Orissa Sponge Iron &amp; Steel Ltd. (OSISL) is at very preliminary stage and management is looking into the viability / possibility in this regard and proper due diligence is also needed which will take about 45 / 60 days.&lt;BR&gt;&lt;BR&gt;The relevant information in this regard would certainly be announced to the exchanges under clause 36 of the listing agreement as soon as some concrete action is generated.&quot;
View all announcements for BHUSHAN STEEL LTD. Source: BSE India