The company will use proceeds from the fresh issue towards working capital requirements and general corporate purposes.
The company will manufacture the product at the group’s formulation facility located in Moraiya, Ahmedabad (India).
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 shares of the company will list on BSE and NSE.
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
Net sales for the quarter rose by 15.1% YoY, reaching Rs.138.10 crore