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Business EconomyPosted at: Nov 22 2021 10:15PM


Nihar Info Global announces preferential offer of equity and warrants of Rs 5 crores

Hyderabad, Nov 20 (UNI) Nihar Info Global Limited (NIGL) which is one of the leading eCommerce Companies in India, on Monday announced that the Preferential offer of Equity and Warrants of Rs. 5 crores is Approved by the Board.
NIGL, a Premium Seller in Marketplace eCommerce Portals like Amazon.in, Flipkart.com and Snapdeal.in.
Provides a unique platform for the Manufacturers to grow in the eCommerce space, the Company has partnered with more than 50+leading brands having an assortment of more than 10,000 products to sell through ecommerce channels, NIGL which also provides various types of Market Analysis and Insights in the eCommerce space to various Brands, said B.Divyesh Nihar, Managing Director, NIGL said in a release here.
The B2B Division of the company has built strong credentials and focuses on -Bulk Sales ; Corporate Gifting (Including Gold & Silver Coins) and Signage & Displays B2B eCommerce Sales through Amazon.
The company started as an IT Company, and later diversified into the eCommerce Sector and has been able to build strong credentials in both the verticals.
The company is setting up 3 Fully owned Subsidiaries in 3 Different Verticals --Life 108 Healthcare Pvt Ltd.; Nihar Renewable Energy Pvt Ltd and Mining Company to be incorporated soon.
Now with the diversification into healthcare, mining and renewable energy, the company will become very strong as a Group.
With its foray into healthcare, mining and renewable energy verticals, the company plans to implement a strong and unique model to build a strong footprint in these segments.
The Company plans to set up or acquire a Solar PV Power Plant and also perform trading of various components related to Solar PV.
The company has achieved about Rs 5 crore turnover for the FY 2020-21 and it will show 100 per cent growth after year because of increase in eCommerce Sales and operational zing of new subsidiaries in healthcare, renewable energy and mining, the release added.
UNI KNR ACL2214
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