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Vardhman Special Steel, the hived-off steel entity from Vardhman Textiles, has been listed and admitted to trading on the BSE from May 17.
The scrip got listed under T-group, which means, all trading should be supported by delivery of shares.
The stock was currently quoting at Rs 38.05, after opening at a high of Rs 40.
Shareholders of Vardhman Textiles Ltd were allotted one equity share of Rs 10 each of Vardhman Special Steels Ltd for every five equity shares of Rs 10 each held in Vardhman Textiles Ltd.
Vardhman Textiles was trading at Rs 217 at 11 a.m. on the NSE.
Meanwhile, Vardhman Special Steel announced a net profit of Rs 2.9 crore and a revenue of Rs 140.41 crore for the March quarter.
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