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.
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.