Acquisitions18 Sept 2026, 09:01 am
Sky Gold Acquires Purvi Gems for up to ₹9 Cr
AI Summary
Sky Gold And Diamonds Ltd announced the approval of its Board of Directors for the acquisition of 100% of Purvi Gems & Jewellery (India) Private Limited for a cash consideration of up to ₹9 Crores. The acquisition aims to expand market share, customer segments, and diversify the product portfolio in the gems and jewellery sector. Purvi Gems & Jewellery reported a turnover of approximately ₹103.40 Crores as of March 31, 2026. The transaction is expected to be completed by November 30, 2026, and is not considered a related party transaction.
Key Highlights
- Sky Gold to acquire 100% of Purvi Gems & Jewellery for up to ₹9 Cr.
- Acquisition aims to expand market share and product portfolio.
- Target company had a turnover of ₹103.40 Cr in FY26.
- Deal expected to close by November 30, 2026.
- Transaction is an arms-length deal, not a related party transaction.
Price Impact
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