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The latest update is out from VISA Steel Limited ( (IN:VISASTEEL) ).
VISA Steel Limited has increased its issued and paid-up share capital to Rs. 1,45,78,95,000 following the allotment of 1,65,00,000 equity shares to promoter-group entity VISA Industries Limited. The new shares, issued at an effective price of Rs. 40 per share via conversion of fully convertible warrants, will rank pari passu with existing equity and further consolidate promoter ownership.
This latest conversion follows an earlier tranche of 1,35,00,000 equity shares issued in December 2025 from the same 5,00,00,000-warrant preferential allotment approved by shareholders and stock exchanges. The infusion of Rs. 49.5 crore as balance subscription strengthens the company’s equity base and may support future operational or strategic initiatives while signaling continued promoter confidence.
More about VISA Steel Limited
VISA Steel Limited is an Indian steel producer headquartered in Odisha, operating manufacturing facilities in the Kalinganagar Industrial Complex. The company focuses on producing steel and related products for domestic industrial customers, positioning itself within India’s core metals and materials sector.
Average Trading Volume: 2,414
Technical Sentiment Signal: Hold
Current Market Cap: 3.83B INR
Find detailed analytics on VISASTEEL stock on TipRanks’ Stock Analysis page.