Acquisitions24 Jun 2025, 03:58 pm
Sky Gold And Diamonds Ltd Acquires Wholly Owned Subsidiary in Dubai for Faster Market Access
AI Summary
Sky Gold and Diamonds Limited has decided to acquire a newly incorporated entity in Dubai (UAE) as a wholly owned subsidiary. The new entity, named Sky Souk Jewellery Trading L.L.C, has a proposed capital of approximately INR 12 Lakhs and is expected to facilitate communication between the company and local clients in the Middle East, and promote the company’s products throughout the region. The acquisition is estimated to be completed within 2-3 months, and will be a 100% cash consideration at face value per share.
Key Highlights
- Sky Gold And Diamonds Ltd acquires a newly incorporated entity in Dubai as a wholly owned subsidiary.
- The new entity, Sky Souk Jewellery Trading L.L.C, has a proposed capital of approximately INR 12 Lakhs.
- The acquisition aims to facilitate communication between the company and local clients in the Middle East, and promote the company’s products throughout the region.
- The acquisition is estimated to be completed within 2-3 months.
- The consideration for the acquisition is a 100% cash consideration at face value per share.