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Usha Martin raises Rs468 cr through QIP

Usha Martin raises Rs468 cr through QIP
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First Published: Wed, Jan 20 2010. 10 36 PM IST
Updated: Wed, Jan 20 2010. 10 36 PM IST
Kolkata: India’s biggest steel wire rope manufacturer Usha Martin Ltd on Wednesday announced it had raised Rs468.15 crore by selling 54.5 million shares to financial institutions at Rs85.90 each, which is a tad lower than its current market price.
On Wednesday, the company’s shares closed on the Bombay Stock Exchange almost unchanged from Tuesday at Rs89.55 apiece.
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First Published: Wed, Jan 20 2010. 10 36 PM IST