The company’s shareholding pattern suggests that Kacholia picked up a stake in the counter during the second half of November 2021, and later increased his holding in the company during the remaining days of the December quarter.
Following the update, shares of Yasho Industries zoomed 4 per cent to Rs 1,428.30 before paring up some gains to trade at Rs 1,418 at 10.35 am.
Kacholia initially purchased 2,40,000 equity shares or 2.11 per cent stake in the Yasho Industries on November 10, 2021. He bought another 29,431 equity shares between November 10 and December 31, 2021. Overall, the Dalal Street veteran held 2,69,431 equity shares or 2.36 per cent stake in the company for the period ended December 31, 2021.
Ashish Kacholia’s name was missing in the key shareholders’ list in the September 2021 quarter. Companies are obligated to release the names of the shareholders holding a per cent or more in the company.
Shares of Yash Industries have zoomed more than 800 per cent in the last one year. The scrip has delivered more than 25 per cent returns in the first week of 2022.
Gujarat-based Yasho Industries manufactures performance chemicals for industries as diverse as rubber and latex, food and flavours, perfumery, lubricants and other specialty applications, with a combined capacity of 9,200 MTPA.
The company has grown the business by serving the domestic and global markets from the widespread international operations across 42 different countries across Europe, America, the Middle East, and Asia.
Ashish Kacholia publicly holds 27 stocks with a net worth of over Rs 1,753.8 crore, Trendlyne data suggests.
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