HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Nahar Industrial to incorporate subsidiary for diversification in hospitality business
Apr-20-2024

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.


  RELATED NEWS >>