Announced Wed, 8 Jul · 20:14 IST
7NR Retail to acquire jewellery firm via Rs 90 Cr share swap
Corporate Actions View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹5.78
prior close
₹5.61
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.6-4.0-4.8-6.4-1.7+4.0————
Up moveDown movePending
AI summary
7NR Retail board approved 100% acquisition of Cultureantique Jewellery Pvt Ltd (CJPL), a gold and silver jewellery maker, for Rs 90 crore via share swap. Will issue 9 crore new equity shares at Rs 10 each to CJPL shareholders, making it a wholly owned subsidiary. Authorized capital hiked from Rs 28 crore to Rs 118 crore. MOA altered to include jewellery business. AGM on 7 August 2026. Promoter Umang Trivedi seeks reclassification to public.
Likely market impact
Massive share dilution via share swap; entry into jewellery segment; CJPL becomes wholly owned subsidiary.