MODINATUR · price
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Awaiting price reaction for this filing.
Modi Naturals Limited (MNL), a Delhi-based consumer goods company in the wellness and foods segment, has listed its equity shares on the National Stock Exchange (NSE) under the symbol MODINATUR. The company was already listed on BSE, and the dual listing aims to boost visibility, liquidity, and access to a broader investor base. Founded in 1974, MNL runs four manufacturing plants in Pilibhit, Sonipat, Hyderabad, and Chhattisgarh, and has been previously recognised as the 'Largest Processor of Rice Bran in India.' The company markets brands such as Oleev, Oleev Kitchen, and PIPO foods, and is expanding into ethanol manufacturing through its subsidiary Modi Biotech Pvt. Ltd in Chhattisgarh.
The NSE listing is likely positive for shareholders, as it typically improves trading volumes, price discovery, and institutional participation. Existing BSE investors continue to hold their shares, now tradable on a second, higher-visibility exchange.