Vinati Organics invests additional Rs 17.11 crore in wholly owned subsidiary Veeral Organics
VINATIORGA · price
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Vinati Organics has subscribed to 1,71,10,000 additional equity shares of its wholly owned subsidiary Veeral Organics Pvt Ltd (VOPL) at par, investing Rs 17.11 crore through a rights issue. VOPL manufactures organic fine specialty chemicals, in line with the parent business. VOPL turnover rose from Rs 0.09 crore in FY24 to Rs 10.55 crore in FY25 and Rs 21.94 crore in FY26. The transaction is at arms length and VOPL continues to remain a 100 percent wholly owned subsidiary with no change in shareholding percentage.
Capital infusion into a fast-growing subsidiary with no ownership change. Signals parent commitment to expand the specialty chemicals business.