20-Aug-2026      16:49

P N Gadgil Jewellers to acquire Silvostyle Jewellers for Rs 27.96 crore by 2026

P N Gadgil Jewellers Limited announced that its board approved the acquisition of a 100% stake in Silvostyle Jewellers Limited, involving the acquisition of 1,50,000 equity shares and a fresh issue of 1,48,50,000 equity shares, for a total consideration of Rs 27.96 crore, with the transaction expected to be completed on or before December 31, 2026; Silvostyle Jewellers Limited, incorporated on December 19, 2025, is engaged in the business of fashion silver jewellery and had a turnover of Rs 72.93 crore as of March 31, 2026.

News source: Capital Market - Live News