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.'
According to Labrique, a significant digital health revolution is about to occur as a result of the recent pandemic, which has increased people's enthusiasm for investing in digital technologies.
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
Paras Defence will hold a 30 % stake in the venture, while CONTROP will hold the remaining 70%.
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.
Dixon is targeting the commencement of Xiaomi smartphone production by August-September.
Recommendation: Add; Target Price: Rs 165