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

As reported by Stocks-Markets-Economic Times
Yash Highvoltage shares surged after ace investor Madhusudan Kela's firm bought nearly 14,000 shares. The company's board approved a preferential issue of up to Rs 151 crore to fund expansion, including enhancing its Resin-Impregnated Paper bushing manufacturing to 550 kV. This strategic move aims to bolster its position in the extra-high-voltage transmission segment and cater to growing demand.
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Yash Highvoltage shares surged after ace investor Madhusudan Kela's firm acquired nearly 14,000 shares. The company's board has approved a substantial preferential issue of up to Rs 151 crore to fund crucial expansion. This investment aims to significantly enhance its…

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