ICICI gives Novel Jewels Rs 500 crore to start up

February 29, 2024

ICICI Bank has sanctioned Rs 500 crore debt facilities to Aditya Birla group’s Novel Jewels for its upcoming jewellery retail stores in the next quarter. The promoter companies infused ₹290 crore in the company last year. ICICI Bank sanctioned ₹450 crore as a working capital loan and ₹50 crore as a term loan.

More To Explore

Rupee holds steady at 86.06 amid RBI Intervention

The Indian rupee closed nearly unchanged at 86.06 per dollar on Monday, despite initial weakness due to high crude oil prices and geopolitical tensions between

June 17, 2025

FPIs push for extended license tenure and CAS in India

Foreign portfolio investors are requesting Sebi to extend their license tenure to five years and introduce a closing auction session for more accurate closing prices.

June 17, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003