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The Economic Times

Veer Sharma

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

Madhusudan Kela

Shares of Yash Highvoltage rallied as much as 12.4% to their day’s high of Rs 940 on the BSE on Tuesday after ace investor Madhusudan Kela’s firm Anantroop Financial Advisory Services purchased nearly 14,000 shares in the company for Rs 1 crore.

The company, a leading manufacturer of transformer bushings for the power generation, transmission and distribution sector, approved a preferential issue worth up to approximately Rs 151 crore, subject to shareholder and other statutory and regulatory approvals.

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