The business will be set up under a new venture ‘Novel Jewels Ltd.'
Moreover, NELCO has the opportunity to pursue additional investments to raise its ownership stake to a minimum of 30%.
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 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
Telecom Major Vodafone Idea Shows Positive Revenue Growth and Focuses on Network Expansion
The first 1 lakh 5G sites were deployed within 5 months of service launch.
Domestic sales increased due to the large fuel retail network of the company.