• search

AML Steel to raise Rs 120 cr through public issue

Written by: Staff

Mumbai, Apr 6 (UNI) AML Steel has filed its draft red herring prospectus (DRHP) with the Securities&Exchange Board of India (SEBI) for its forthcoming follow-on public issue of Rs 120 crore.

The issue is to be made through a 100 per cent book-building process, a release issued here today stated.

Of the Rs 120 crore to be raised through the issue, Rs 20 crore would be raised as promoters' contribution and the balance Rs 100 crore would be the net offer to the public.

The company is raising the money to part-finance its wholly-owned subsidiary's integrated steel project being set up in Jharkhand, acquisition of existing steel plants and to fund the working capital requirements of the company and its wholly-owned subsidiaries.

The book-running lead managers to the issue are Karvy Investor Services Limited and Centrum Capital Limited.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more