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India’s OCL Iron & Steel board OKs equity, equity-linked securities
By Sarah Lizee
Olympia, Wash., March 22 – OCL Iron & Steel Ltd. informed the Bombay Stock Exchange that it plans to raise equity or equity-linked securities under a restructuring plan/settlement plan proposed to lenders.
The proposal was approved by the company’s board of directors at a meeting held Friday, according to a notice.
The steel manufacturer is based in New Delhi, India.
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