Business Update6 May 2024, 05:18 pm
Vinati Organics Limited Invests Rupees 58 Crores in Wholly Owned Subsidiary Veeral Organics Pvt. Ltd.
AI Summary
Vinati Organics Limited (VOL) has made an additional investment of Rupees 58 Crores in its wholly owned subsidiary, Veeral Organics Pvt. Ltd. (VOPL), as per the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The shares rank pari-passu to existing Equity Shares of the Company and VOPL is already in the same industry as Vinati Organics Limited, focusing on the Manufacturing of Organics Fine Specialty Chemicals.
Key Highlights
- Vinati Organics Limited makes an additional investment of Rupees 58 Crores in Veeral Organics Pvt. Ltd.
- The subsidiary, Veeral Organics Pvt. Ltd., is a Wholly Owned Subsidiary of Vinati Organics Limited.
- VOPL is focused on the Manufacturing of Organics Fine Specialty Chemicals
- The additional investment ranks pari-passu with existing Equity Shares of the Company