India's Venus Pipes and Tubes rises on 714 mln rupees equity infusion

Venus Pipes & Tubes

08/10/2025 05:50

** Shares of Venus Pipes & Tubes VENS.NS jump 4.4% to 1347 rupees, biggest intra day percentage  gain since Sept 1

** Pipes and tubes maker completes conversion of 420,000 warrants into equity shares at 1,700 rupees per share

** Total fund infusion of 714 mln rupees ($8.04 mln)from promoter and non-promoter entities

** VENS rated "strong buy" by 6 analysts on average; median target price is 1,719 rupees – data compiled by LSEG

** Stock down 10.5% YTD

($1 = 88.7700 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))