MoneyWorks4Me

Tara Jewels in talks for purchase of 49% of Bevilles Jeweller

06 Oct 2017 Evaluate

Tara Jewels is in talks for purchase of 49% of a Top Australian Retailer Bevilles Jeweller. Bevilles Jeweller is a 80 year old retailer with an annual turnover of Rs 170 crore. 

The Proposed Strategic investment would give Tara Jewels access to the highly profitable New Zealand and Australian Markets. Post the investment, Tara would be in a position to expand its brand in a new geography.

Tara Jewels is an integrated player in the jewellery industry with experience ranging from designing and manufacturing to retailing of jewellery. The company has three manufacturing facilities.

Peers
Company Name CMP
Titan Company 5080.00
Kalyan Jewell.India 603.35
Thangamayil Jeweller 5487.10
Senco Gold 345.25
Rajesh Exports 79.24
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