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Loha Ispat files DRHP with SEBI

21 Dec 2012 Evaluate

Loha Ispat has filed draft red herring prospectus (DRHP) with capital market regulator SEBI for diluting 29.94 percent stake in the company by issuing 3,02,41,320 equity shares to the public for a face value of Rs 10 each.

The raised fund will be used for working capital requirements (post expansion at Khopoli and Taloja Plants); and general corporate purposes.

Loha provides services to automobile, bearing, fabrication, packaging, general engineering, pipe manufacturing, white goods, infrastructure, home appliances sectors etc.

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