Announced Sat, 27 Jun · 19:54 IST
Board approves amalgamation with Aditya Ultra Steel Limited
Compliance View source PDF
VMSTMT · price
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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹44.00
prior close
₹43.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+1.4+1.8—+0.0+3.5+5.7+6.8+11.1+5.7+1.1———
Up moveDown movePending
AI summary
VMS TMT board approved amalgamation of Aditya Ultra Steel (AUSL) into VMS TMT. Share swap ratio: 75 VMS TMT shares for every 100 AUSL shares. Combined capacity to exceed 300,000 tonnes per year with 300 plus dealers under the Kamdhenu brand in Gujarat. Aims to unlock manufacturing, distribution and financial synergies. Subject to SEBI, NCLT, BSE, NSE, shareholder and creditor approvals.
Likely market impact
Positive if approved: larger scale, stronger Gujarat position, cost synergies. Share swap may dilute existing holders. Subject to clearances.