Subsidiary22 Oct 2026, 01:23 pm
Nidhi Granites Subsidiary: Jowela Exim Allots 16 Lakh Shares
AI Summary
Nidhi Granites Limited has been allotted 16,00,000 equity shares of ₹10/- each in Jowela Exim Private Limited, following a rights issue undertaken by Jowela Exim. This allotment, which occurred on October 15, 2026, but was intimated to Nidhi Granites on October 22, 2026, results in Jowela Exim Private Limited becoming a subsidiary of Nidhi Granites Limited. The total value of the allotment is ₹1.6 Crore.
Key Highlights
- Jowela Exim Private Limited has allotted 16,00,000 equity shares to Nidhi Granites Limited.
- The allotment was made pursuant to a rights issue undertaken by Jowela Exim.
- Jowela Exim Private Limited has now become a subsidiary of Nidhi Granites Limited.
- The total value of the allotted shares is ₹1.6 Crore.
Price Impact
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