Business Standard 21 November 2012
As part of its corporate debt restructuring (CDR) programme, Kolkata-based steel maker Visa Steel has decided to sell 49 per cent of its stake in its subsidiary Visa Coke (its 400,000-tonne capacity coke oven battery) to New York-listed SunCoke Energy for Rs 368 crore.
Vishambhar Saran, chairman of Visa Steel, said, “This is a great opportunity for Visa Steel to partner with SunCoke, known for its operating and technological expertise, to grow the coke business.
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