The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.
Initially, the company will emphasize launching fixed-income products.
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.
Multibagger Stock Declares Rs 3 per Share Final Dividend for Shareholders
According to Aditya Birla Capital Ltd., the preferential issuance would take place at a cost of Rs 165.1 per equity share and is pending approval from shareholders.
The floor price for the two-day OFS is set at ₹225 per share.
Total two-wheeler sales stood at 3,07,696 units last month.
Recommendation: Add; Target Price: Rs 165
The company has recently launched a new brand under name “Nex” to target upscale urban consumers with its premium range of appliances.