Date:03/01/2006 URL: http://www.thehindubusinessline.com/2006/01/03/stories/2006010302801500.htm

Back Visa Steel to tap primary market

Our Bureau

Mumbai , Jan. 2

VISA Steel has filed its offer document with the Securities and Exchange Board of India (SEBI) for 3. 5 crore equity shares at a premium to be decided through a book building process.

The proceeds of the issue will be used to finance a part of the capital expenditure for brown field expansion of existing manufacturing activities into an integrated 0.5 million tones per annum (TPA) special and stainless steel plant in Orissa.