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Vardhman Special Steels advances on receiving nod to raise funds

22 Feb 2018 Evaluate

Vardhman Special Steels is currently trading at Rs. 150.75, up by 1.00 points or 0.67% from its previous closing of Rs. 149.75 on the BSE.

The scrip opened at Rs. 149.50 and has touched a high and low of Rs. 152.00 and Rs. 148.05 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.65 on 31-Oct-2017 and a 52 week low of Rs. 77.17 on 08-Mar-2017.

Last one week high and low of the scrip stood at Rs. 153.80 and Rs. 142.15 respectively. The current market cap of the company is Rs. 484.29 crore.

The promoters holding in the company stood at 72.80%, while Institutions and Non-Institutions held 0.45% and 26.76% respectively.

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.


Vardhman Special Share Price

257.60 -0.10 (-0.04%)
17-Apr-2026 16:59 View Price Chart
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