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MINT - MARKETS · INDIAN ·

Small-cap stock under ₹50 jumps after announcement of amalgamation move

As reported by mint - markets
VMS TMT's stock rose following the announcement of an approved merger with Aditya Ultra Steel Limited, aimed at creating a larger and more efficient steel manufacturing entity, pending necessary approvals. Shareholders of AUSL will receive 75 VMS TMT shares for every 100 shares held.
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VMS TMT's stock saw a significant jump following the announcement of its approved amalgamation with Aditya Ultra Steel Limited. This merger aims to establish a larger and more efficient steel manufacturing entity. Shareholders of Aditya Ultra Steel will receive 75 VMS TMT shares…

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