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Prospect News home > News index > List of issuers O > Headlines for OCL Iron & Steel Ltd. > News item
Published on 3/22/2019 in the Prospect News Emerging Markets Daily.

India’s OCL Iron & Steel board OKs equity, equity-linked securities

By Sarah Lizee

Olympia, Wash., March 22 – OCL Iron & Steel Ltd. informed the Bombay Stock Exchange that it plans to raise equity or equity-linked securities under a restructuring plan/settlement plan proposed to lenders.

The proposal was approved by the company’s board of directors at a meeting held Friday, according to a notice.

The steel manufacturer is based in New Delhi, India.


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