Epic Research

Thursday, December 13, 2012

Epic Update : Visa Steel

Visa Steel is planning to end the Rs 368-crore transaction with SunCoke Energy Inc for 49% stake in Visa Coke (VCL), its wholly owned subsidiary by January end. The company has decided to use the significant part of the deal consideration to reduce its long-term as well as working capital borrowings of around Rs 2,000 crore.
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