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.'
Experimental work is being done, according to Indian Oil Corporation Director (R&D) SSV Ramakumar, at both its laboratory and the R&D facilities of the two engine manufacturers.
The Wonderla Holidays Ltd stock has delivered a return of 62.15 % over the past five years.
Minda Corporation is among the top companies that manufacture automotive manufacturing components.
Multibagger Stock Declares Rs 3 per Share Final Dividend for Shareholders
Trafigura Group, a commodity trading firm, has provided $200 million in funding for VRL, while Glencore International AG, a mining and natural resource corporation, has provided $250 million.
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.
Recommendation: Add; Target Price: Rs 165