27
Aug
01:00
Monnet says will sell Orissa Sponge stake to Bhushan Steel
India’s Monnet Ispat and Energy has confirmed that it is willing to sell its share in DRI producer Orissa Sponge Iron and Steel (OSISL) to automotive steel specialist Bhushan Steel.
“We are in-principal agreeable to sell our stake held in Orissa Sponge Iron & Steel Ltd to Bhushan Steel Limited. However, no commercial terms and valuations have been finalised,” OSISL says in a response to a clarification request by the Bombay Stock Exchan…
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