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| Exchange Disseminated Time | | Kalyani Steels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 14, 2009, inter alia, have approved issue of Secured Redeemable Non-Convertible Debentures, aggregating to Rs 550 Million, on Private Placement basis to Life Insurance Corporation of India, which debentures shall be listed on National Stock Exchange of India Ltd (NSE). The issue is being made to meet the normal capital expenditure, augment fund requirements for general corporate purposes and long term working capital requirements. |
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