The company will use proceeds from the fresh issue towards working capital requirements and general corporate purposes.
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 venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.
During FY23, the company achieved the generation of 24,907 Million Units (MUs) of power.
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.
The Maharashtra state government launched the auction process in February.
Multibagger Stock Declares Rs 3 per Share Final Dividend for Shareholders
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.