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Our Bureau

Mumbai , May 15

Steel pipe-manufacturer Zenith Birla (India) Ltd has filed its draft prospectus with SEBI for a secondary public offering of Rs 131 crore. The capital raised will be used to set up facilities for manufacture of mechanical tubes and expand working capital requirements for existing operations.

The company has been operating for over 45 years and its steel pipe division is located at Khopoli, Mumbai. The lead managers to the issue are IDBI Capital Market Services Ltd and Keynote Corporate Service Ltd.

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