VMS TMT board approves merger with Aditya Ultra Steel

VMS TMT Ltd's board approved the merger of TMT bars maker Aditya Ultra Steel Ltd (AUSL) with the company. Shareholders of AUSL will receive 75 VMS TMT shares for every 100 held, creating a combined installed capacity of over 300,000 tonnes per annum.

“By bringing together two highly complementary businesses, we are creating an integrated platform with enhanced manufacturing capabilities.”economictimes.indiatimes.com

• 1 source
• economictimes.indiatimes.comVMS TMT board clears AUSL merger with company - The Economic TimesJun 29, 2026

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