At meeting held on 04 November 2019The 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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