Navodaya Enterprises said that 1.2 million shares of Rs 24 lakh will be reserved for market makers and the rest of the Rs 43.68 crore will be called a net issue. Inventure Merchant Banker and Satellite Corporate Service are the lead managers to the issue. The proceeds from the issue will be used for working capital requirements and general corporate purposes.

• Navi Overtakes Amazon Pay and Emerges as Fifth Largest UPI Player
• Interarch Building Products Surges 13% as Order Book Exceeds Rs 1,350 Crore
• Decrease in Crude Oil Prices Affecting India’s Oil Exports: CRISIL 
• India to Receive USD 1 Billion Investment from PD Group for AI-ready Data Centres
• Infosys to Invest Up to Rs 17 Crore in Spacetech Startup GalaxEye, Shares Trading Flat

The firm treats marketing and advertising as fundamental to its business strategy and revenue management. It provides outdoor, print, ground events/activations, and digital marketing services. The firm is also engaged in events management which includes planning, organizing, and managing events. It has managed commercial events, corporate events, cultural events, and also small brand promotion events for its clients.