25
Aug
01:00
Bhushan Steel negotiates to buy a share in Orissa Sponge
India’s Bhushan Steel has confirmed that it is in negotiations to buy a share in Orissa Sponge Iron & Steel Ltd. How Bhushan will finance this transaction is unclear as it is currently carrying a significant debt burden on top of heavy operating losses, according to the automotive steel specialist’s latest set of published accounts.
In response to a request for clarification from the Bombay Stock Exchange (BSE), Bhushan says that “&hell…
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Anonymous
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