Sky Gold has acquired stake in Starmangalsutra and Sparkling Chains. These acquisitions present significant opportunities for Sky Gold to further enhance its market visibility and broaden its range of high-quality jewelry, renowned for expert craftsmanship. Starmangalsutra specializes in the manufacturing of traditional and modern Mangalsutra jewelry, while Sparkling Chains focuses on chain jewelry made from gold, silver, and other precious or base metals.
The company has acquired complete stake in Starmangalsutra and Sparkling Chains at a cost of Rs 23.98 crore and Rs 26.00 crore respectively. The consideration will be discharged by issue of 4,17,542 equity Equity Shares of the Company at an issue price of Rs 1,197 having a face value of Rs 10 each to the existing Shareholders of M/s Sparkling Chains and M/s Starmangalsutra on a preferential basis.
Sky Gold is engaged in the business of designing, manufacturing and marketing of Gold jewelleries since its incorporation.
| 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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