Monday, February 2, 2009

Bhushan Steel picks 9.5% stake in Orissa Sponge Iron Steel for Rs 23 crore

Bhushan Steel picks 9.5% stake in Orissa Sponge Iron Steel for Rs 23 crore Delhi-based Bhushan Steel has acquired 9.5% stake in Bhubaneswar-headquartered Orissa Sponge Iron & Steel for about Rs 23 crore.

In a bulk deal on Thursday, Bhushan Steel purchased 9.5% stake from Ramesh Chandra family's investment firm Prakasauli investments at Rs 118 per share.

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