Company news: Vardhman Special Steels

| Updated on February 19, 2018 Published on February 19, 2018

The board of Vardhman Special Steels on Monday announced the closure of its qualified institutional placement issue and approved the issue price of ₹130 a share. The QIP price is at a discount of 4.18 per cent to the floor price of ₹146.11, determined by it earlier. Earlier, the company’s board and its shareholders’ had approved a proposal to raise ₹175 crore. The stock of Vardhman Special Steels slipped 1 per cent at ₹144.85 on the NSE.

Published on February 19, 2018
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