21-Aug-2026      00:40

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

P N Gadgil Jewellers Limited announced it will acquire 100% of Silvostyle Jewellers Limited for Rs 27.96 crore, comprising Rs 27.68 crore for newly issued shares and Rs 0.28 crore for existing shares, at a price of Rs 18.64 per share. The acquisition, which will make Silvostyle Jewellers Limited a wholly-owned subsidiary, is expected to be completed on or before December 31, 2026, and will strengthen P N Gadgil Jewellers' jewellery business, with the transaction qualifying as a related party transaction due to shared promoters.

News source: Capital Market - Live News