The company will use proceeds from the fresh issue towards working capital requirements and general corporate purposes.
If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level.
The plant's commissioning is scheduled for Q1 FY25
The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.
The business will be set up under a new venture ‘Novel Jewels Ltd.'
The Wonderla Holidays Ltd stock has delivered a return of 62.15 % over the past five years.
The company's Chennai plant has already started a program to switch out single-use plastic goods for more environmentally friendly ones.
Earlier, JBF collected funds from IDBI and other banks to build the PTA plant for USD 603.81 million.
Multibagger Stock Declares Rs 3 per Share Final Dividend for Shareholders
The Ferro Manganese plant was also recommissioned for production in May 2023 after relining and capital repairs.