StockWatch
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Iron & Steel Products
Investment8 Jul 2026, 03:17 pm

Vardhman Special Steels Invests ₹2.64 Cr More in Sone Solar

AI Summary

Vardhman Special Steels Ltd has announced a further investment of ₹2,64,38,000 in Sone Solar Private Limited. This investment is towards the balance payment of the third and final tranche, comprising 26,43,800 0.5% Compulsory Convertible Debentures of face value ₹10 each. This follows an earlier investment of ₹1,13,54,250 made on October 30, 2025. The aggregate investment in Sone Solar now stands at ₹15,10,00,000. Vardhman Special Steels' shareholding in Sone Solar Private Limited's equity share capital remains unchanged at 26%.

Key Highlights

  • Further investment of ₹2.64 Cr made in Sone Solar Private Limited.
  • Total aggregate investment in Sone Solar now stands at ₹15.10 Cr.
  • Company's equity shareholding in Sone Solar remains at 26%.
  • Investment is in Compulsory Convertible Debentures.