Investment18 May 2026, 02:14 pm

Vinati Organics Invests ₹19.88 Cr in Veeral Organics Rights Issue

AI Summary

Vinati Organics Ltd has invested ₹19.88 Crore in its wholly-owned subsidiary, Veeral Organics Pvt. Ltd., by subscribing to 1,98,80,000 equity shares at ₹10 each, as part of a rights issue. This investment will not change Vinati Organics' shareholding percentage in Veeral Organics, which will remain a 100% wholly-owned subsidiary. Veeral Organics, incorporated in 2020, manufactures organic fine specialty chemicals, aligning with Vinati Organics' business.

Key Highlights

Vinati Organics invests ₹19.88 Cr in Veeral Organics' rights issue.
The investment involves subscribing to 1,98,80,000 equity shares at ₹10 each.
Veeral Organics remains a 100% wholly-owned subsidiary of Vinati Organics.
Veeral Organics' turnover for FY 2025-26 was ₹21.94 Crore.
The investment is a related party transaction at arm's length.

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