Uttam Galva Steels has raised Rs 160 crore through placement of shares to qualified institutional investors. The company has issued and allotted 2 crore fully paid-up equity shares at a price of Rs 80 per equity share. Consequent to the issue and allotment of the new shares, the issued, subscribed and paid up equity capital of the company has increased from 122.26 crore to 142.26 crore.
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