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Bhushan Steel gets nod to raise Rs 1,000 crore through Right Issue

15 Nov 2013 Evaluate

Bhushan Steel has received an approval to raise further equity shares for sum not exceeding Rs 1,000 crore by way of Right Issue at such premium as may decided by committee constituted by the board for the purpose. The board of directors at its meeting held on November 14, 2013 has approved for the same.

Bhushan Steel, formerly known as Bhushan Steel & Strips, is one of the leading players in the steel industry with steel making capacity of 2.2 Million Tonnes Per Annum (MTPA).

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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