Board approves Rs 5 lakh investment in proposed silicone company
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The board approved a Rs 5 lakh cash investment in V. Indus Silicone Technologies Private Limited for 50,000 shares of Rs 10 each, representing 50% of its paid-up share capital. The Indian company is still being incorporated and plans to manufacture and trade silicone products.
The small cash outlay limits immediate financial strain, while the 50% stake gives Vahh Chemicals exposure to the growing silicone chemicals business.