Vardhman Special Steels has made a further investment of Rs 3,66,54,310 in Sone Solar, towards part payment of second tranche, comprising of 29,79,460 equity shares of face value of Rs 10 each and 6,85,971 0.5% compulsory convertible debentures of face value of Rs 10 each.
With this, the aggregate investment of the company in the equity shares and 0.5% compulsory convertible debentures of Sone Solar stands at Rs 11,32,07,750 and the shareholding of the company in equity share capital of Sone Solar will remain the same at 26%.
Vardhman Special Steels, incorporated in 2010, is part of the Vardhman group. It has its operating unit in Ludhiana, Punjab, which manufactures hot rolled bars and caters to the diverse requirements of various end-user segments such as engineering, automotive, tractor, bearing and allied industries.
| Company Name | CMP |
|---|---|
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| JSW Steel | 1257.25 |
| SAIL | 176.45 |
| Jindal Stainless | 775.60 |
| APL Apollo Tubes | 2022.35 |
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