Renaissance Jewellery has received an approval for the Scheme of Amalgamation of Housefull International [HIL] and N. Kumar Diamond Exports [NKDEL] both directly and indirectly an wholly owned subsidiary of the Company with itself. The Board of Directors of the company in its meeting held on August 29, 2017 has approved the same.
The amalgamation will lead to greater efficiency in overall combined business including economies of scale, efficiency of operations, cash flow management and unfettered access to cash flow generated by the combined business which can be deployed more efficiently for the purpose of development of businesses of the combined entity and their growth opportunities, eliminate inter corporate dependencies, minimize the administrative compliances and to maximize shareholders value.
Renaissance Jewellery is engaged in the business of design, manufacturing, and sales of various types of jewellery - Gold, silver, platinum jewellery, studded with diamonds and other precious and semi-precious stones.
| Company Name | CMP |
|---|---|
| Titan Co | 4526.30 |
| Kalyan Jewell.India | 426.90 |
| Rajesh Exports | 125.34 |
| Senco Gold | 326.45 |
| Thangamayil Jeweller | 4205.90 |
| View more.. | |
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