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.

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