Held on 19 November 2016
The Board of Vardhman Industries at its meeting held on 19 November 2016 has decided to purchase 220000 equity shares of Rs 100 each in the capital of Vallabh Steel West. The said purchase transaction has been effective on 19 November 2016 and with this effect Vallabh Steel West has become an associate company of Vardhman Industries.The Board has decided to sell 2000000 equity shares of Rs 10 each in the capital of its associate company namely JSW Vallabh Tinplate. The sale transaction has been effective on 19 November 2016 and with this effect JSW Vallabh Tinplate ceased to be associate company of Vardhman Industries.
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