Narbada Gems and Jewellery Ltd approves renewal of working capital facilities

The Board of directors of Narbada Gems and Jewellery Ltd have considered the terms and approved the Renewal of the existing Fund based and Non fund based working capital facilities aggregating to Rs. 16,17,00,000 (Rupees Sixteen crores seventeen lakhs only) from Kotak Mahindra Bank with interchangeability between the Cash Credit and Metal Term Loan as per sanction letters dated 22.07.2021 and supplementary letter dated 17.09.2021 from the Bank.

Shares of Narbada Gems and Jewellery Limited was last trading in BSE at Rs. 26 as compared to the previous close of Rs. 26.9. The total number of shares traded during the day was 2517 in over 15 trades.

The stock hit an intraday high of Rs. 26.6 and intraday low of 24.85. The net turnover during the day was Rs. 63672.

Source : Equity Bulls

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