Announced Fri, 19 Jun · 16:17 IST
Board approves JV with Harley of London India, allots NCDs worth Rs 5 lakh
Management Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹13.70
prior close
₹13.61
base price
After-mkt
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AI summary
Gilada Finance board approved a strategic joint venture with Harley of London India (HOLI), backed by D+O Group, covering healthcare, wellness, lifestyle and financial services under the HOLNESS ecosystem. The board also allotted 5 non-convertible debentures of Rs 1 lakh each, totalling Rs 5 lakh, at 12.25 percent annual interest for 2 years via private placement. Anand Boob and Associates was appointed as internal auditor for FY 2026-27.
Likely market impact
JV signals diversification beyond core NBFC business into new sectors. NCD raise is small; track execution of partnership for long-term growth.