Ashish Kacholia, Vikas Khemani to get Venus Pipes shares in preferential issue; stock jumps 9%
Indian markets moved higher.
· ET Stocks, Economic Times Markets
Venus Pipes and Tubes shares jumped 9% after the company proposed a Rs 372 crore preferential issue to marquee investors including Ashish Kacholia, Carnelian Bharat Amritkaal Fund and WhiteOak Capital-linked entities, with most proceeds earmarked for debt repayment.
Market context
- The immediate tone of coverage reads positive.