Vardhman Industries has received an approval to purchase 7,20,000 equity shares of Rs 100 each in the capital of Vallabh Steel West. The board of directors at its meeting held on November 11, 2016 has approved for the same.
The said purchase transaction has been made effective on November 23, 2016 and with this effect Vallabh Steel West has become a subsidiary company from associate company of Vardhman Industries.
Vardhman Industries is one of the leading manufacturers, wholesale suppliers and exporters of a wide range of galvanized tubes, galvanized coils, galvanized steel tubes, galvanized steel coils, precision steel tubes, galvanized steel pipes, steel square tube, galvanized sheets, corrugated steel tubes, cold rolled steel sheets etc.
Company Name | CMP |
---|---|
JSW Steel | 873.30 |
Tata Steel | 166.45 |
SAIL | 167.90 |
Jindal Stainless | 734.80 |
APL Apollo Tubes | 1587.50 |
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