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Thursday, February 2, 2012 - 05:30 IST
Lloyds Steel Raising $45M From Promoters, Others
BY TEAM VCC
Arcil holds 11.64% in Lloyds Steel, which will dilute to 7.3% after the preferential allotment.
Lloyds Steel Industries Ltd is going for a fresh issue of shares to shore up resources and meet working capital requirements. The public-listed firm is raising Rs 227.5 crore ($45 million) from two non-promoter entities besides its own...
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