23,386,578 Equity Shares of Vardhman Special Steels Limited are subject to a Lock-Up Agreement Ending on 20-AUG-2018.
August 19, 2018
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23,386,578 Equity Shares of Vardhman Special Steels Limited are subject to a Lock-Up Agreement Ending on 20-AUG-2018. These Equity Shares will be under lockup for 180 days starting from 21-FEB-2018 to 20-AUG-2018.
Details:
The Promoters of the company, jointly and severally, have agreed that, without the prior written consent of the Book Running Lead Manager, he or she will not, during the period commencing on the date hereof and ending 180 days after the date of allotment of the equity shares, directly or indirectly offer, lend, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, any promoter shares.
Vardhman Special Steels Limited is an India-based company engaged in the business of manufacturing special and alloy steels. The Company is engaged in producing high-grade billets and hot-rolled bars for varied applications in engineering, automotive, tractor, bearing and allied industries. It produces a variety of steels in terms of type and size. The Company offers products, such as hot rolled, round corner square, peeled and reeled bars, peeled and ground bars, drawn and ground bars, and heat treatment bars. The Company also offers Carbon Steel, Carbon Manganese Steel, Case Hardening Steel, Chrome Steel, Chrome Manganese Steel, Chrome-Moly Steel, Nickel Chrome / Nickel Chrome Moly Steel, Through Hardening Steel, Boron Steel, Micro Alloyed Steel, Vanadium Steel, Nitriding Steel, Ball Bearing Steel, Free/Semi Free Cutting Steel, Spring Steel and High Titanium Steel. It manufactures products using technologies, such as Steel Melting, Bright Bar, Rolling Mill and Heat Treatment.