VISA Steel boosts equity capital with fresh preferential share allotment to promoter group
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VISA Steel Limited has increased its share capital to Rs. 1,45,78,95,000 by allotting 1,65,00,000 equity shares to promoter group entity VISA Industries Limited at Rs. 40 per share. This move consolidates promoter ownership and follows a previous allotment of 1,35,00,000 shares in December 2025. The Rs. 49.5 crore infusion strengthens the company's equity base, supporting future initiatives and reflecting promoter confidence. VISA Steel, based in Odisha, focuses on steel production for domestic industrial customers.
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