Vinati Organics has subscribed to the additional 58,35,000 fully paid up equity shares of face value of Rs 10 each at par, amounting to Rs 5.83 crore by way of subscription towards the rights issue of Veeral Organics, the Wholly Owned Subsidiary, the shares rank pari passu to existing Equity Shares of the Company. The main business object of Veeral Organics is manufacturing of the Organics Fine Specialty Chemicals and is in line of the business of Vinati Organics.
Vinati Organics, Established in 1989, is a specialty chemical company, focusing on manufacturing specialty chemicals and organic intermediaries.
