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Tuesday, Jan 03, 2006
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Visa Steel to tap primary market

Our Bureau

Mumbai , Jan. 2

VISA Steel has filed its offer document with the Securities and Exchange Board of India (SEBI) for 3. 5 crore equity shares at a premium to be decided through a book building process.

The proceeds of the issue will be used to finance a part of the capital expenditure for brown field expansion of existing manufacturing activities into an integrated 0.5 million tones per annum (TPA) special and stainless steel plant in Orissa.

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