P N Gadgil Jewellers has received approval for the acquisition of 100% stake in Silvostyle Jewellers by way of acquisition of 1,50,00,000 Equity Shares by way of fresh issue and acquisition from existing shareholders, in one or more tranches. Upon completion of the aforesaid acquisition, Silvostyle Jewellers would become a wholly-owned subsidiary of the Company.
Object of acquisition is to strengthen and consolidate the company’s jewellery business by integrating Silvostyle Jewellers into the PNG Group. The acquisition is expected to create operational synergies, broaden product offerings and strengthen the company’s market presence. The said acquisition is expected to be completed on or before December 31, 2026. The total consideration to be paid is Rs. 27.96 crore for acquisition of fresh as well as existing equity shares. The Board of Directors of the company at their meeting held on August 20, 2026 has considered and approved the same.
P N Gadgil Jewellers offers a wide range of precious metal/ jewellery products, including gold, silver, platinum and diamond jewellery under its brand name 'PNG' in various price ranges and designs
