Mehul Telecom Limited
Nova Global has dropped off the disclosed shareholder list for Mehul Telecom Limited after last holding a 1.96 percent stake. This shift represents either a complete exit or a reduction to below the 1 percent reporting threshold.
A multi-brand mobile retail chain, Mehul Telecom operates stores across India offering a wide range of smartphones and accessories to consumers. The company specializes in the specialty retail segment, providing diverse mobile device options from various manufacturers along with complementary products. Founded in 2023, it focuses on delivering accessible mobile technology solutions through its expanding retail network.
Nova Global Opportunities Fund PCC is a foreign portfolio investor that is an active anchor investor in Indian SME IPOs. It has backed offerings across sectors including electric equipment, power and energy, infrastructure, and logistics.