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.