Acquisitions4 Sept 2026, 08:44 am
AJC Jewel to acquire 80% UAE stake for ₹9.6 Cr via share swap
AI Summary
AJC Jewel Manufacturers Ltd. has approved the acquisition of an 80% stake in its UAE-based subsidiary, AJC Jewel Manufacturers (FZC) in Sharjah, for ₹9.6 crore. The transaction will be entirely non-cash, executed through a share swap involving up to 5,67,492 equity shares at ₹169.16 per share, subject to approvals. The UAE entity reported significant revenue growth, with ₹127.95 crore in CY2025 and ₹72.46 crore in H1 2026. This acquisition consolidates AJC's international operations, moving from a presence to majority ownership and control of an existing manufacturing business in a strategic global hub for gold and jewellery.
Key Highlights
- Acquiring 80% stake in UAE jewellery business for ₹9.6 crore.
- Transaction is a non-cash share swap, not an immediate cash outflow.
- UAE entity shows strong revenue growth, reaching ₹127.95 crore in CY2025.
- Acquisition consolidates international operations and enhances control.
- Promoter shareholding expected to increase post-transaction.
Price Impact
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