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Board of Vardhman Industries approves investment in Vallabh Steel West

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Capital Market
Last Updated : Nov 24 2016 | 12:03 AM IST

At meeting held on 11 November 2016

Vardhman Industries announced that the board of directors of the Company at its meeting held on 11 November 2016 has decided to purchase 720000 equity shares of Rs. 100/- each in the capital of Vallabh Steel West. The said purchase transaction has been made effective on 23 November 2016 and with this effect Vallabh Steel West has become a subsidiary company from associate company of Vardhman Industries.

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First Published: Nov 23 2016 | 7:08 PM IST

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