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 a news report, capital associated with plans based on actuarial calculations is also being moved to SBI Life at the same time.
The Ferro Manganese plant was also recommissioned for production in May 2023 after relining and capital repairs.
The floor price is set at Rs.29.98 per share
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.
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