Yasho Industries Limited to issue shares to ace investor Ashish Kacholia, others

The Board of Directors of Yasho Industries Limited at their meeting held on October 09, 2021, have approved the issue of equity shares of the Company on preferential basis.

Subject to the approval of the shareholders of the Company and such other regulatory / governmental approvals as may be required, the Board has approved issuance of up to 5,00,000 (Five Lakhs) equity shares of face value of Rs. 10/- (Rupees Ten) each ("Equity Shares") to Mr. Ashish Kacholia, Mr. Mitul Mehta and Bengal Finance and Investment Private Limited, at a price of Rs. 855 per Equity Share aggregating to Rs. 42,75,00,000 (Rupees Forty-Two Crores Seventy-Five Lakhs only), on a preferential basis.

Shares of Yasho Industries Ltd was last trading in BSE at Rs. 1254.25 as compared to the previous close of Rs. 1240.35. The total number of shares traded during the day was 211605 in over 12556 trades.

The stock hit an intraday high of Rs. 1334.40 and intraday low of 1125.00. The net turnover during the day was Rs. 267911609.00.

Source : Equity Bulls

Keywords

YashoIndustries INE616Z01012 SpecialtyChemicals PreferentialIssue AshishKacholia