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The Economic Times
The Economic Times
Akash Podishetti

Ashish Kacholia, Vikas Khemani to get Venus Pipes shares in preferential issue; stock jumps 9%

Vikas Khemani Venus Pipes Ashish Kacholia Venus Podishetti Akash SEBI

Venus Pipes and Tubes shares jumped 9% after the company proposed a Rs 372 crore preferential issue to a clutch of marquee investors, including Ashish Kacholia, Carnelian Bharat Amritkaal Fund and WhiteOak Capital-linked entities.

The company will seek shareholder approval for the preferential allotment at its extraordinary general meeting on October 8, 2026.

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