Vardhman Special Steels is planning to raise Rs 67.85 crore by issuing shares on rights basis. The company is planning to offer 1.237 crore shares to shareholders and 12 lakh shares to employees.
The shares will be issued at Rs 50 apiece, in the ratio of two for every three shares held. The company has fixed April 10 as record date to identify the eligible shareholders.
Vardhman Special Steels incorporates cutting-edge manufacturing technology, ensuring the highest levels of quality and compliance. Placed among the leading producers of Special and Alloy Steels, the company caters to diverse requirements of hot rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries.
