Announced Wed, 8 Jul · 20:19 IST
Acquires Cultureantique Jewellery wholly via Rs 90 Cr share swap allotment
Fund Raising 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 acquiring 100% of Cultureantique Jewellery Pvt Ltd (CJPL) for Rs 90 crore via a share swap, issuing 9 crore equity shares at Rs 10 each (face value) to CJPL shareholders. CJPL, a gold and silver jewellery maker, will become a wholly owned subsidiary. The company increased its authorized share capital from Rs 28 crore to Rs 118 crore and altered its MOA to include the jewellery business. AGM set for 7 August 2026.
Likely market impact
Diversifies into jewellery via acquisition. Large share issuance will dilute existing shareholders significantly.