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24 Aug 2015 | |
With reference to the news item regarding "May sell 35% stake in Orissa mine to Bhushan : Monnet Ispat", Bhushan Steel Ltd has Clarified to BSE as under:<BR><BR>"As referred In the news, our discussion with Monnet Ispat regarding purchase of their stake in Orissa Sponge Iron & 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.<BR><BR>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." | |
View all announcements for BHUSHAN STEEL LTD. | Source: BSE India |