Mini Damonds (India) informs about updates

Mini Diamonds (India) has informed that, through its wholly owned subsidiary wholly owned subsidiary Namra Jewels (hereinafter referred to as ‘Namra Jewels’), announced its proposed franchise expansion plan for Namra Jewels under the FOFO model. Under the proposed model, Namra Jewels plans to offer franchise opportunities at a nominal franchise fee of ?5 lakhs. The estimated investment required is expected to remain under ?2 crore for Tier 1 cities and below ?1.5 crore for Tier 2 cities, depending on location, store size, interiors, inventory planning and other commercial factors. 

The above information is a part of company’s filings submitted to BSE.