Nidhi Granites Limited announced that its board approved subscribing to 16,00,000 equity shares of Rs 10 each in Jowela Exim Private Limited for Rs 1,60,00,000, increasing its stake to 16,16,000 equity shares, representing 50.50% of Jowela’s post-issue paid-up equity share capital, which will make Jowela a subsidiary of Nidhi Granites Limited.
