Steel Dynamics Q1 net income jumps to $403 million Nuvama downgrades Jindal Steel to Reduce Rebar and input costs remain on radar High speed steel market seen growing at 3.33% CAGR
Visa Steel has seen a fresh promoter-backed boost after VISA Industries increased its stake to 62.40% through the conversion of 1.65 crore warrants into equity shares. The move adds 4.80% to the promoter holding and reflects continued confidence in the company’s recovery and future direction.
The conversion was completed on April 6, 2026, with VISA Industries paying the balance subscription amount of ₹49.50 crore. Following the allotment, Visa Steel’s issued and paid-up equity capital increased from ₹129.29 crore to ₹145.79 crore, taking the total equity shares to 14.57 crore. The latest development strengthens promoter control and gives the company a firmer capital base at a time when balance sheet strength remains crucial for steel sector companies. For the market, the transaction signals promoter commitment and adds weight to the company’s ongoing restructuring and growth narrative.
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