Indian giant invests in Apollo
Indian conglomerate Jindal Steel and Power has taken a significant stake in Apollo Minerals, part of a $3.6 million capital raising for the Perth-based iron ore explorer.
Apollo announced today that Jindal would contribute $1 million to a $3.6 million share placement, priced at 4 cents per share, giving it a 9.25 per cent stake in the company.
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