Vraj Iron & Steel rises on making investment in Vraj Metaliks
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Vraj Iron & Steel is currently trading at Rs. 286.70, up by 4.50 points or 1.59% from its previous closing of Rs. 282.20 on the BSE.
The scrip opened at Rs. 282.95 and has touched a high and low of Rs. 294.05 and Rs. 279.75 respectively. So far 10824 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 296.15 on 24-Sep-2024 and a 52 week low of Rs. 210.00 on 14-Aug-2024.
Last one week high and low of the scrip stood at Rs. 296.15 and Rs. 242.05 respectively. The current market cap of the company is Rs. 930.77 crore.
Vraj Iron & Steel has invested Rs 12.59 crore towards purchase of 41,95,750 equity shares of Rs 10 each at a price of Rs 30 per share of Vraj Metaliks and the said transfer has been registered in the name of Vraj Iron & Steel dated September 23, 2024.
Consequent upon the said acquisition of 41,95,750 equity shares of Vraj Metaliks, the holding of the company has increased from 35.56% to 49.90% in the enhanced equity capital of Vraj Metaliks with effect from September 23, 2024.
Vraj Iron & Steel is engaged in manufacturing of Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj.
