Sky Gold and Diamonds’ wholly owned subsidiary -- Starmangalsutra has entered into a non-binding term sheet to acquire a majority stake in Shri Rishab Gold, a reputed Mumbai-based jewellery firm. The partnership marks a significant step in the company’s strategy to establish India’s largest and most trusted mangalsutra-focused enterprise. Shri Rishab Gold, known for its strong presence in the mangalsutra segment, brings with it a rich client base that includes one of India’s largest jewellery brands. This client relationship will be strategically onboarded by Starmangalsutra (subsidiary of Sky Gold and Diamonds), expanding its customer portfolio and deepening market penetration in the high-growth traditional jewellery segment.
The acquisition will also align Shri Rishab Gold’s operations with Starmangalsutra’s robust governance standards and efficient working capital model, enhancing synergies across product development, manufacturing, and distribution.
Sky Gold and Diamonds (formerly known as Sky Gold) is engaged in the business of designing, manufacturing and marketing of gold jewelleries since its incorporation.
| Company Name | CMP |
|---|---|
| Titan Co | 4358.25 |
| Kalyan Jewell.India | 415.50 |
| Rajesh Exports | 120.70 |
| Senco Gold | 344.65 |
| Thangamayil Jeweller | 4080.55 |
| View more.. | |
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