Acquisitions8 Jul 2026, 08:30 pm
7NR Retail Approves Capital Hike, Acquisition of Cultureantique Jewellery
AI Summary
7NR Retail Ltd announced a significant board meeting held on July 8, 2026. The company's Board of Directors approved a substantial increase in authorized equity share capital from ₹28.01 crore to ₹118.01 crore. Additionally, the board greenlit the acquisition of 100% equity in Cultureantique Jewellery Private Limited (CJPL) for ₹90 crore through a share swap. This acquisition will make CJPL a subsidiary of 7NR Retail. The company also approved alterations to its Memorandum of Association to expand business activities and will hold its 14th Annual General Meeting on August 7, 2026.
Key Highlights
- Authorized share capital increased from ₹28.01 Cr to ₹118.01 Cr.
- Acquisition of 100% stake in Cultureantique Jewellery Private Limited for ₹90 Cr.
- CJPL will become a subsidiary of 7NR Retail post-acquisition.
- Memorandum of Association to be altered for business expansion.
- 14th AGM scheduled for August 7, 2026, via VC/OAVM.
Price Impact
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