Date:01/03/2008 URL: http://www.thehindubusinessline.com/2008/03/01/stories/2008030150313500.htm

Back Orix-ILFS buys into Maithan Ispat

New Delhi, Feb. 29

Japanese finance firm, Orix Corp, together with Indian investor Infrastructure Leasing & Financial Services (ILFS), have acquired over 20 per cent stake in the Kolkata-based construction steel maker Maithan Ispat, at an investment of about $20 million. “Orix and ILFS have invested about Rs 79.72 crore (about $20 million) in the steel firm..... an Orix spokesman in Tokyo says their stake is over 20 per cent and below 49 per cent,” the Steel Bus iness Briefing reported. “—

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