Yasho Industries board approves capital raise of Rs 42.75 crore led by marquee investors
Yasho Industries Limited, has announced that its 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 mentioned herein.
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Sr. No.
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Name of the Allottee
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Category
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No. of Equity Shares
|
|
1
|
Mr. Ashish Kacholia
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Non - Promoter
|
2,40,000
|
|
2
|
Mr. Mitul Mehta
|
Non – Promoter
|
20,000
|
|
3
|
Bengal Finance and Investment Private Limited
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Non - Promoter
|
2,40,000
|
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 Ltd is a pioneer in the field of manufacturing fine and specialty chemicals, exporting all over the globe, including USA, Europe, Asia, Middle East and Brazil. Guided by a Management Team that has over 30 years of experience in the industry, it is fully equipped with well-established Automated Manufacturing Facilities designed to manufacture multiple product ranges.
The share of Yasho Industries has zoomed by 9.95 per cent in Monday's trading session and closed at Rs 1,379.05 per share on BSE.