Ashish Kacholia Entered Vishnu Chemicals

According to the latest shareholding pattern of Vishnu chemicals, Ashish Kacholia, our Master Portfolio Member has bought a huge chunk of 398523 shares.   This comes to 3.34% of the total shares. It would be interesting to see what made Ashish Kacholia to go for this shopping, that too more than 3% of the total shareholdings. 

Headquartered at Hyderabad, Vishnu Chemicals is in the business of manufacturing, marketing and the export of Chromium chemicals and other specialty chemicals. Company has an annual capacity of producing over 70,000 MT of Basic Chromium Sulphate, 70,000 MT of Sodium Dichromate, 1000 MT of Chromic Acid, 1000 MT of Potassium Dichromate, 1200 MT of Sodium Saccharine and 400 MT of Vitamin K3.

Financials

These capacities give Vishnu Chemicals the opportunity to cover the needs of the domestic and the international export markets. They are the market leaders for Chromium chemicals in India.  Internationally we have been recognized as trusted suppliers in the export market in over 35 countries. Our products are used in all the world markets, including: Asia, China, South East Asia, Europe, UK, North, South and Central America, Africa, and others. Vishnu Chemicals products have wide applications across various industries, including: pharmaceutical, fine chemical, leather tanning, pigments, dyes, chrome plating, metallurgy, animal feeds, artificial sweeteners, adhesives, ceramics

In August 2015, Company has made investments in Solvay Vishnu Barium Private Limited, Hyderabad and acquired 100% share capital of the said Company by making the Company as Subsidiary with 100% holding. Promoters are holding 75% with no FIIs and DIIs at present. Since Ashish grabbed 3.34%, the floating shares comes to a mere 21.5%.