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VISA Steel stock up 20% on JV firm's merger plan

Stock touched upper circuit and closed at Rs 16.38 on BSE on a day Sensex closed in red

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Visa Steel

Ishita Ayan Dutt  |  Kolkata 



Tough times prompt VISA Steel to think out of the box

The stock rose 20 per cent on Friday after the company informed the stock exchanges it would seek shareholders’ approval to merge VISA Bao, its joint venture with China’s Baosteel Resources, with itself.

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First Published: Sat, June 11 2016. 00:50 IST

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