Vibhor Steel Tubes Limited
Founded in 2003, Vibhor Steel Tubes Limited manufactures, exports, and supplies steel pipes and tubes to various heavy engineering industries in India.
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Mr. Vijay Kumar Kaushik, Promoter and Director of Vibhor Steel Tubes Limited, has acquired 5,000 equity shares through an open market transaction for approximately Rs. 5.63 lakh. Following this acquisition, his shareholding in the company increased from 22.15% (42,00,000 shares) to 22.18% (42,05,000 shares).
Vibhor Steel Tubes' subsidiary, Viyom Steel Infra, acquired 14.21 acres in Hisar for Rs. 20.08 Cr. This strategic land purchase will establish a manufacturing facility for infrastructure products like transmission towers and poles, driving future business expansion.
Vibhor Steel Tubes has granted its wholly-owned subsidiary, Viyom Steel Infra, an unsecured loan of 20 Cr at 9.5% interest. This funds working capital and new infrastructure-related manufacturing facilities, expanding the group's product range.
Vibhor Steel Tubes' board approved an INR 20 Cr unsecured loan to its wholly-owned subsidiary, Viyom Steel Infra. This capital will fuel Viyom's expansion into manufacturing infrastructure products like transmission towers, targeting new growth avenues. Interest rate: 9.5%.
VIBHOR STEEL TUBES (VSTL) Promoter & Director Mr. Vijay Kumar Kaushik purchased 2,000 equity shares through an open market transaction. This acquisition, valued at approximately Rs. 2.14 lakh, increased his total shareholding in the company from 22.03% to 22.04%. A key insider slightly boosted their stake.