JHS Svendgaard Laboratories Limited ( (IN:JHS) ) has provided an announcement.
JHS Svendgaard Laboratories Limited has announced its decision to invest up to Rs. 5 crore in JHS Svendgaard Retail Ventures Limited by acquiring fully convertible warrants. This strategic move is aimed at expanding JHS’s business portfolio and strengthening its presence in the retail sector, leveraging favorable industry trends. The acquisition is a related party transaction, with Director and Promoter Mr. Nikhil Nanda holding a significant equity stake in the target company.
More about JHS Svendgaard Laboratories Limited
JHS Svendgaard Retail Ventures Limited operates in the Indian retail industry, focusing on acquiring prime locations in the High Street Retail Market, including airports. It manages stores across diverse product categories in various formats such as airports, shopping malls, and standalone stores throughout India.
YTD Price Performance: -44.04%
Average Trading Volume: 19,440
Current Market Cap: 1.12B INR
See more data about JHS stock on TipRanks’ Stock Analysis page.