Bhushan Steel to raise $1000,000,000

The Board of Directors of Bhushan Steel Ltd at its meeting held on August 12, 2014, has considered and approved the proposal of Further Issue of Securities not exceeding US$ 1000,000,000 (US$ One Thousand Million) and Issue of Redeemable Cumulative Preference Shares. The Board recommended the above proposals for approval of Shareholders.

The Board fixed Annual General Meeting to be held on September 20, 2014.

Shares of BHUSHAN STEEL LTD. was last trading in BSE at Rs.168.9 as compared to the previous close of Rs. 177.75. The total number of shares traded during the day was 15161 in over 628 trades.

The stock hit an intraday high of Rs. 168.9 and intraday low of 168.9. The net turnover during the day was Rs. 2560692.

Source : Equity Bulls

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