Bhushan Steel sets rights issue premium at a steep discount

R.Y. Narayanan Coimbatore | Updated on February 22, 2012

The rights issue committee of the board of directors of Bhushan Steel Ltd (BSL) has fixed the premium for the company's rights issue at a steep discount to its current market price.

The company said that the committee on February 21 approved the rights issue of 1,41,57,220 equity shares of Rs 2 each in the ratio of 1:15 at a price of Rs 335 per equity share, including a premium of Rs 333 per equity share.

On the BSE today, the share was trading at Rs 402 with about 1.34 lakh shares having been traded by 12.40 p.m.

Published on February 22, 2012

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