Visa Steel Ltd. has announced plans to raise up to ₹200 crore through the preferential issuance of 5 crore convertible warrants to its promoter group entity, VISA Industries Limited. Each warrant, priced at ₹40, is convertible into one equity share of ₹10 face value within 18 months. Upon full conversion, VISA Industries' stake in the company will increase from 14.33% to 40.17%. An Extraordinary General Meeting (EGM) is scheduled for November 2, 2025, to seek shareholder approval for this proposal.
---
Strategic Fundraising Initiative