The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.
The Noida-based IKIO Lighting manufactures light-emitting diode (LED) lighting solutions was incorporated in the year 2016 and is primarily an original design manufacturer (ODM).
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
Anticipation of a pause in interest rate hike by US Fed is boosting the market sentiment.
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.
Analysts of IIFL Securities see Power demand growing at 5-7% in FY24, even if some industrial load switches back to captive units.
Recommendation: Add; Target Price: Rs 165