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BHUSHAN STEEL ALLEGED TO HAVE VIOLATED INDIAN REGULATORY NORMS.
NEW DELHI, March 2 Asia Pulse - A day before its open offer for buying additional 20 per cent stake in Orissa Sponge (BSE:504864), Bhushan Steel (BSE:500055) on Friday alleged that its rivals were "floating frivolous complaints" of violations of Securities and Exchange Board of India (SEBI) regulations.
Denying charges of violating market regulator SEBI's takeover regulations by under stating its stake in Orissa Sponge at 14.8 per cent, Bhushan Steel said, "This is a blatant attempt by vested interests at preventing the Bhushan Steel Group from making a competitive bid for the equity shares of Orissa Sponge Iron & Steel Ltd."
"We intend to make a public announcement tomorrow. We have also given an ...
- ORISSA SPONGE, BHUSHAN STEEL UNDER GOVT LENS (ROC is presently examining the...
- Magazine article from: India Business Insight April 13, 2009 700+ words
...scrutinising the accounts of Orissa Sponge Iron and Steel Ltd (Orissa Sponge) based at Bhubaneswar as well as Bhushan Steel of Delhi. Bhushan Steel...will examine the records of Orissa Sponge and Bhushan Steel going back to the past two...
- 3RD OFFER FOR ORISSA SPONGE (Bhushan Steel makes offer at Rs330 a share).
- Magazine article from: India Business Insight March 4, 2009 700+ words
Bhushan Steel has emerged as the third bidder for Orissa Sponge, the loss-making sponge iron...mining leases in Orissa. The Bhushan Steel group has made an offer to Orissa Sponge shareholders at Rs330 per share...
- Bhushan Steel prices Orissa Sponge open offer at Rs 300/share.
- News wire article from: PTI - The Press Trust of India Ltd. February 7, 2009 700+ words
Bhushan Steel prices Orissa Sponge open offer at...in the wake of Bhushan Steel raising its stake in Orissa Sponge to about 15 per...concert, it said. Bhushan Steel, which held...cent stake in Orissa Sponge through various...
- INDIA'S BHUSHAN STEEL PRICES ORISSA SPONGE OPEN OFFER.
- News wire article from: AsiaPulse News February 9, 2009 700+ words
...52 lakh shares of Rs 10 each of Orissa Sponge from its existing shareholders, Orissa Sponge said in a newspaper announcement...open offer comes in the wake of Bhushan Steel raising its stake in Orissa Sponge to about 15 per cent last week...
- SECOND LIFELINE (Bhushan Steel buys 9.5% stake in Orissa Sponge Iron Steel for...
- Magazine article from: India Business Insight February 16, 2009 700+ words
Bhushan Steel Ltd (BSL) of Delhi has bought 9.5 percent stake in Orissa Sponge Iron Steel for Rs23 crore from investment firm Prakasauli Investment. This has increased BSL?s stake in Orissa Sponge to 14.85 percent.
- Bhushan Steel faces allegations of violating SEBI norms.
- News wire article from: PTI - The Press Trust of India Ltd. February 27, 2009 700+ words
...cent stake in Orissa Sponge, Bhushan Steel today alleged...its stake in Orissa Sponge at 14.8 per cent, Bhushan Steel said, "This...preventing the Bhushan Steel Group from making...equity shares of Orissa Sponge Iron &...
- Bhushan Steel to raise $100-m ECB.
- Newspaper article from: Economic Times (New Delhi, India) May 21, 2007 700+ words
...MUMBAI, India -- Delhi-based Bhushan Steel is raising up to $100 million through...funds. Confirming the development, Bhushan Steel chief financial officer Nittin Johari...company, which was formerly known as Bhushan Steel & Strips, were down 0.2 percent...
- Bhushan Steel acquires 15 pc stake in Australian firm.
- News wire article from: PTI - The Press Trust of India Ltd. May 23, 2007 700+ words
Bhushan Steel acquires 15 pc stake in Australian firm Mumbai, May 23 (PTI): Bhushan Steel today said it will acquire 15 per cent stake...and has signed an MOU to this effect," Bhushan Steel said in a communique to the Bombay Stock...
- Bhushan Steel promoters pledge 17 pc shares.
- News wire article from: PTI - The Press Trust of India Ltd. February 11, 2009 700+ words
Bhushan Steel promoters pledge 17 pc shares Mumbai, Feb 11 (PTI) -- Bhushan Steel today said three of its promoters have pledged...disclosure to the Bombay Stock Exchange, Bhushan Steel said its three promoters - Brij Bhushan Singhal...
- Bhushan Steel Q1 net up 57 pc; at Rs 62.25 cr.
- News wire article from: PTI - The Press Trust of India Ltd. July 20, 2006 700+ words
Bhushan Steel Q1 net up 57 pc; at Rs 62.25 cr New Delhi, July 20 (PTI) Bhushan Steel and Strips Limited today reported a 57 per...the corresponding period previous fiscal, Bhushan Steel said in a release. "The company has been...
Source: HighBeam Research, BHUSHAN STEEL ALLEGED TO HAVE VIOLATED INDIAN REGULATORY NORMS.