Vardhman Special Steels fixes record date for rights issue

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Capital Market
Last Updated : Mar 30 2017 | 12:01 AM IST

Record date is 10 April 2017

Vardhman Special Steels has fixed 10 April 2017 as the record date for proposed rights issue. The Committee of Directors (Rights Issue) at its meeting held on 28 March 2017 has approved the issue, for offer of 1,35,70,000 equity shares of face value of Rs 10 each at an issue price of Rs 50 per equity share (including premium of Rs 40 per share). The issue comprises of issue of 1,23,70,000 rights equity shares to eligible equity shareholders and reservation of up to 12,00,000 equity shares for eligible employees.

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First Published: Mar 29 2017 | 8:51 AM IST

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