Shareholders asked to inject P28m into Pula Steel
Tuesday, June 27, 2017
Operations were stopped at Pula Steel in March
Judicial manager, Vijay Kalyanaraman said creditors of Pula Steel, who are owed P100 million, yesterday gave him the green light to seek the P28 million injection from shareholders.
Pula Steel is currently owned by BCL (67%), Verma Family (22%) with the remainder held by the Citizen Entrepreneurial Development Agency (CEDA) as well as a company called Wealth Creations.
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