Vinati Organics has subscribed to the additional 6 lakh fully paid-up equity shares of face value of Rs 10 each at par amounting to Rs 60 lakh in Veeral Organics. The investment is made by way of subscription towards the rights issue of Veeral Organics, the wholly owned subsidiary of the company, rank pan passu to its existing equity shares.
Vinati Organics, Established in 1989, is a specialty chemical company, focusing on manufacturing specialty chemicals and organic intermediaries.