Vardhman Special Steels Increases Investment in Sone Solar Private Limited by Rs 2.64 Crore
Vardhman Special Steels Limited has significantly augmented its stake in Sone Solar Private Limited, making a further investment of Rs 2,64,38,000. This latest capital infusion constitutes the balance payment for the third and final tranche, which comprises 26,43,800 units of 0.5% Compulsory Convertible Debentures with a face value of Rs 10 each.The additional investment brings Vardhman Special Steels’ total aggregate investment in Sone Solar Private Limited to Rs 15,10,00,000. This figure includes the initial investment made previously, which was reported as Rs 1,13,54,250 and involved 11,35,425 units of the same debentures.
Despite the increased financial commitment through debt instruments, the company's shareholding in the equity capital of Sone Solar Private Limited remains consistent at 26%.
VSSL Stock Price Movement
As of 3:22 PM, shares of Vardhman Special Steels Limited are slipping by 0.97% in live trading, currently valued at ₹269.5. The stock has seen a traded volume of 24,969 shares during the session so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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