Deals14 Sept 2024, 06:12 pm
Nureca Ltd Enters Distribution Agreement with Leading Quick Commerce Platform in India
AI Summary
Nureca Limited has entered into a Distribution Agreement with a leading quick commerce platform in India. The orders received currently do not meet the materiality threshold as defined under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, based on ongoing business discussions, it is anticipated that the volume of orders and sales on this platform may exceed the materiality threshold in the upcoming quarters. The name of the customer is not being disclosed at this stage due to business confidentiality.
Key Highlights
- Nureca Ltd has entered into a Distribution Agreement with a leading quick commerce platform in India.
- The orders received currently do not meet the materiality threshold but are expected to exceed it in the upcoming quarters.
- The name of the customer is not being disclosed due to business confidentiality.