P N Gadgil Jewellers Acquires 100% of Silvostyle Jewellers for ₹27.96 Cr

P N Gadgil Jewellers Ltd announced its Board of Directors has approved the acquisition of 100% of the Equity Share Capital of Silvostyle Jewellers Limited (SJL) for a total consideration of ₹27.96 Crores. The acquisition will be achieved through a combination of subscribing to 1,48,50,000 newly issued equity shares (99% of post-issue capital) and acquiring 1,50,000 shares from existing shareholders (1% of post-issue capital) at ₹18.64 per share. A significant portion of the consideration, ₹27.68 Crores, represents fresh capital infusion into SJL for its business purposes. Upon completion, SJL will become a wholly-owned subsidiary. The company also approved the draft notice for its 13th Annual General Meeting, scheduled for September 28, 2026.