Vinati Organics has subscribed to the additional 5,80,58,500 fully paid-up equity shares of the face value of Rs 10 each at par, amounting to Rs 58,05,85,000 by way of subscription towards the rights issue of Veeral Organics, a Wholly Owned Subsidiary, the shares rank pari-passu to existing Equity Shares of the Company. The main business object of Veeral Organics is the manufacturing of Organics Fine Specialty Chemicals which is in line with the business of Vinati Organics.
Vinati Organics, Established in 1989, is a specialty chemical company, focusing on manufacturing specialty chemicals and organic intermediaries.
