Business Update22 May 2026, 01:07 pm

Vega Jewellers: Board Approves Land Purchase for ₹28 Cr

AI Summary

Vega Jewellers Ltd's board approved the purchase of land admeasuring 3,300 square yards in Vijayawada from Mr. Pavan Chand Valluri for ₹28,00,00,000. This acquisition is intended to support the company's future expansion plans. The purchase does not constitute a related party transaction and requires governmental approvals for land transfer.

Key Highlights

Vega Jewellers approves land purchase of 3,300 sq yards in Vijayawada.
The land acquisition cost is ₹28,00,00,000 from Mr. Pavan Chand Valluri.
The purchase aims to facilitate the company's future expansion plans.
The transaction is not a related party transaction.
Governmental approvals are required for the land transfer.

View BSE Filing

PHTRADING

Trading & Distributors

PH TRADING LTD.

Price Impact