Vardhman Special Steels has received an approval to issue and allot 35,72,000 Equity Shares pursuant to the QIP to eligible Qualified Institutional Buyers at the Issue Price of Rs 140 per Equity Share (including a premium of Rs 130 per Equity Share), aggregating to around Rs 50,00,80,000. The Fund Raising Committee of the Board of Directors of the company at its meeting held on February 21, 2018, approved the same.
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.
