Uttam Galva Steels plans to raise INR 175 crore through placement

Uttam Galva Steels Ltd, plans to raise up to INR 175 crore ($31.91 million) through placement of shares to fund expansion and augment long term resources. The company proposes to raise funds in one or more tranches through a public issue or a private placement basis or qualified institutional placement. The fund could also be used for meeting other general corporate business purposes allied to the business from time to time.

Source:HBL