Yasho Industries’ board has approved capital raise proposal by way of issue and allotment up to 5,00,000 fully paid-up equity shares of face value of Rs 10 each at an issue price of Rs 855 each for an allotment size of Rs 42.75 crore by way of preferential allotment to the entities/persons. In view of the future outlook of the company, growth targets and prospects, the company is raising funds to augment its balance sheet. The transaction is subject to the approval of the shareholders of the Company and such other regulatory/ governmental approvals as may be required.
Yasho Industries is a manufacture and exporter of speciality and fine chemicals. Its products include aroma, antioxidants lube addictives rubber and speciality range chemicals. The company was founded in 1993 and is based in Mumbai Maharastra.
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