Corporate News     04-Nov-19
Board of Vardhman Special Steels allots 46.29 lakh equity shares to Aichi Steel Corporation
At meeting held on 04 November 2019
The Board of Vardhman Special Steels at its meeting held on 04 November 2019 has allotted 46,29,629 fully paid-up equity shares having a face value of Rs 10 per equity share to Aichi Steel Corporation ('ASC') at a price of Rs 108 per Share, aggregating to Rs 49.99 crore by way of preferential allotment on private placement basis. Pursuant to such allotment of Subscription Shares, ASC holds 11.46% of the share capital of the Company.

Consequently, the issued share capital of the Company stands increased to 4,03,94,502 equity shares having a face value of Rs 10 each.

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