Nova Global sold 1,85,52,060 shares of Motisons Jewellers Limited for ₹25.97 Cr at ₹14.00 apiece in a bulk deal.
A jewellery retailer established in 1997, Motisons Jewel operates across the gems and jewellery sector, offering a comprehensive range of products including gold, diamond, and kundan jewellery. The company also deals in pearls, silver, platinum, and other precious metals, catering to diverse customer preferences through its retail presence in India's jewellery market.
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.
