Vardhman Special Steels is planning to raise Rs 67.85 crore by issuing 1.357 crore equity shares on rights basis. The issue, which opens for subscription on April 18, would be open till May 2.
The company has fixed the price at Rs 50 a share for the issue to its eligible shareholders in the ratio of two equity shares for every three fully paid-up shares held as on the record date - April 10.
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.
