Vardhman Special Steels has informed that subject to the other approvals as may be applicable, the Board of Directors of the Company in its meeting held on October 28, 2016 has approved further issue of equity shares of the face value of Rs 10 each for cash on Rights basis in the ratio of 2:3 (2 shares for every 3 shares held) at a price of Rs 50 per share (inclusive of Share premium of Rs 40 per share) aggregating to Rs 61.85 crores approximately to the eligible existing equity shareholders of the Company. Further, subject to the other approvals as may be applicable, the Board of Directors has approved to issue Equity Shares to the employees of the Company along with the eligible existing equity shareholders at the same price within the limits as prescribed under relevant SEBI Regulations. The Board of Directors has also constituted a Committee of Directors to do all such acts and deeds as may be required for further issue of shares on Rights basis.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Tata Steel | 142.80 |
| JSW Steel | 976.80 |
| SAIL | 112.70 |
| Jindal Stainless | 671.75 |
| Jindal Saw | 296.70 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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