Uttam Galva to raise upto Rs 175 cr via QIP

Uttam Galva Steels at its meeting held on February 26, 2013, has approved the raising of the funds upto Rs 175 crore through Qualified Institutional Placement (QIP) within the meaning of Chapter VIII of the SEBI (ICDR) Regulations, 2009.

February 26, 2013 / 15:06 IST

26 Aug, 2025 12:21

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Uttam Galva Steels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 26, 2013, has approved the following:1. Raising of the funds upto Rs. 175 Crores (Rupees One Hundred and Seventy Five Crores only) through Qualified Institutional Placement (QIP) within the meaning of Chapter VIII of the SEBI (ICDR) Regulations, 2009.2. Increase in FII limit upto the sectorial cap as per the extant FEMA/RBI Stipulations.3. Convening of Extra Ordinary General Meeting to approve the aforesaid matters.Source : BSE

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first published: Feb 26, 2013 03:06 pm

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