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.
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.
Analysts of IIFL Securities see Power demand growing at 5-7% in FY24, even if some industrial load switches back to captive units.
ICICI Bank can retain a stake of more than 30% but keep it below 48.02% of the company’s paid-up capital.
Recommendation: Add; Target Price: Rs 165
NTPC is also planning to come up with initial public offering for its renewable energy arm NTPC Green Energy Ltd (NGEL) to raise funds