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Vinati Organics buys additional stake in Veeral Organics

29 Apr 2022 Evaluate

Vinati Organics has subscribed to the additional 51 lakh fully paid-up equity shares of face value of Rs 10 each at par amounting to Rs 5.10 crore, by way of subscription towards the rights issue of Veeral Organics, the wholly owned subsidiary of the Company, rank pari passu to its existing equity shares.

Vinati Organics, Established in 1989, is a specialty chemical company, focusing on manufacturing specialty chemicals and organic intermediaries.

Peers
Company Name CMP
Godrej Industries 1103.75
SRF 2544.90
BASF India 3664.25
Pidilite Inds. 1575.00
Tata Chemicals 694.60
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