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October 07, 2008


BSL clarifies on news item on merger move

With reference to the news item appearing in a financial daily titled "Bhushan Steel share up 45%", Bhushan Steel Limited has clarified to BSE that "As on date neither the Company has any plan nor had any conversation with any body in the past regarding diluting the stake.”

The release added that “We ourselves got astonished on seeing the news which has already been denied. There is no substance in the news published on the financial daily."