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Shree Ganesh Jewellery to issue 1 crore equity shares to promoters on preferential basis

08 Feb 2013 Evaluate

Shree Ganesh Jewellery House would be issuing 1 crore equity shares of Rs 10 each on preferential basis to promoters at a price of Rs 150 a share. The company plans to utilize these funds to enhance the long-term financial resources of the company, which will enable it to improve its operating performance. The proceeds will also be utilized for making investment in shares and securities, providing loan and advances and for repayment of borrowings. The company has already sought shareholders’ nod for increasing the authorised share capital to around Rs 195 crore from Rs 150 crore.

Shree Ganesh Jewellery House is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Its  products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc.

Peers
Company Name CMP
Titan Co 4526.30
Kalyan Jewell.India 426.90
Rajesh Exports 125.34
Senco Gold 326.45
Thangamayil Jeweller 4205.90
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