Vardhman Special Steels allots 35.72 crore equity shares

Under QIP issue

Vardhman Special Steels announced that the Fund Raising Committee of the Board of Directors of the Company has, at its meeting held today i.e. 21 February 2018, inter alia, approved the issue and allotment of 35,72,000 Equity Shares pursuant to the QIP to eligible Qualified Institutional Buyers at the Issue Price of Rs. 140 per Equity Share (including a premium of Rs. 130 per Equity Share), aggregating to approximately Rs. 50 crore.

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