SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Vardhman Special Steels in talks with Global Steel Company for strategic alliance

18 Apr 2019 Evaluate

Vardhman Special Steels is in discussions with a Global Steel Company (Strategic Investor) to enter into a strategic alliance in form of acquisition of a minority stake in the company by the Strategic Investor and/or provision of technical support to the company by the Strategic Investor (Proposed Transaction).

At this stage, the company has executed a non-binding letter of intent with the Strategic Investor in relation to the Proposed Transaction. However, there is no certainty that the parties will be successful in executing binding agreements in relation to the Proposed Transaction or that the Proposed Transaction will be consummated. The execution of definitive agreements in relation to the Proposed Transaction is dependent upon, amongst other things, completion of due diligence to be conducted by the Strategic Investor on the company in accordance with applicable laws, to the satisfaction of the Strategic Investor, and resolution of the findings (if any) of such due diligence.

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
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×