Madhusudan Kela-backed firm picks stake in SME stock Yash Highvoltage via preferential issue

Shares of Yash Highvoltage surged after ace investor Madhusudan Kela's firm acquired nearly 14,000 shares in the company. The board approved a preferential issue of up to Rs 151 crore aimed at funding expansion, including scaling up its Resin-Impregnated Paper bushing manufacturing capability to 550 kV. The move is intended to strengthen the company's position in the extra-high-voltage transmission segment.