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An update from VISA Steel Limited ( (IN:VISASTEEL) ) is now available.
VISA Steel Limited has further advanced its preferential funding plan by converting 16.5 million fully convertible warrants held by group entity VISA Industries Limited into an equal number of equity shares. The conversion, at a balance subscription of Rs.30 per warrant, has injected Rs.49.5 crore into the company and follows an earlier conversion of 13.5 million warrants in December 2025.
With this latest allotment, VISA Steel’s issued and paid-up share capital has risen to Rs.145.79 crore, comprising 145.79 million equity shares of Rs.10 each, all ranking pari passu with existing stock. The move consolidates promoter group ownership while strengthening the company’s equity base, which may support future operational needs and improve its financial structure in a capital-intensive steel industry.
More about VISA Steel Limited
VISA Steel Limited is an Indian steel producer based in Odisha, operating an integrated plant at Kalinganagar and focusing on value-added steel products for domestic industrial customers. The company is listed on both BSE and the National Stock Exchange, where its shares trade under the symbol VISASTEEL, giving it access to capital markets for growth and restructuring.
Average Trading Volume: 2,414
Technical Sentiment Signal: Hold
Current Market Cap: 3.83B INR
See more insights into VISASTEEL stock on TipRanks’ Stock Analysis page.