RHI Magnesita India (RHIM) has made further investment in RHI Magnesita India Refractories, a wholly owned subsidiary of the Company by way of subscription of 50,72,464 equity share of RHI Magnesita India Refractories having face value of Rs 10 each at a premium of Rs 197 each for an amount aggregating to Rs 105 crore on right issue basis. The subscription of equity shares of RHI Magnesita India Refractories by the company for the purpose of repayment or pre?payment, in full or in part, of certain borrowings availed by RHI Magnesita India Refractories.
RHI Magnesita India offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoy large domestic and international clientele.
