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Nahar Industrial to incorporate subsidiary for diversification in hospitality business

20 Apr 2024 Evaluate

Nahar Industrial Enterprises has received Board’s approval for diversification in the field of hospitality business in the interest of the Company. For this purpose, Board of Directors has decided to incorporate a Wholly Owned Subsidiary of the Company to carry out the hospitality business. The proposed wholly owned subsidiary company to be incorporated in India shall carry business/projects in the field of hospitality/hotels and related activities. The Board of Directors of the Company at their meeting held on April 20, 2024 has approved the same.

Nahar Industrial Enterprises (NIEL) is a vertically-integrated textile manufacturer, with operations ranging from spinning, weaving & processing and also having sugar unit.


Nahar Ind.Enterprise Share Price

107.61 -0.14 (-0.13%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
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