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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.
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