Domestic steel producer Bhushan Steel on Monday said it has got shareholders' nod to raise up to USD 500 million (about Rs 2,300 crore) through the issue of securities.
In a filing to the Bombay Stock Exchange (BSE), the firm said it members have approved the fund-raising proposal through a postal ballet.
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The company may raise funds via ADR, GDR, bonds, or any other medium.
Bhushan Steel's shares closed at Rs 1,444.15, up 2.16 per cent on the BSE on Monday.
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