Board of Usha Martin approves rights issue aggregating up to Rs 200 crore

At meeting held on 16 September 2014

Usha Martin announced that the Board of Directors of the Company at its meeting held on 16 September 2014, has resolved to raise funds by way of a rights issue of equity shares of face value of Re. 1 each, aggregating up to Rs. 200 crore including premium ("Rights Issue"), subject to all applicable statutory and regulatory approvals.

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