Announced Thu, 20 Aug · 21:27 IST
PNGJL to acquire 100% of Silvostyle Jewellers for Rs 27.96 Cr
PNGJL · 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
—1-day move
₹610.00
prior close
₹610.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+0.9+0.5+0.4——————————
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AI summary
Board approved 100% acquisition of Silvostyle Jewellers Limited for Rs 27.96 Cr at Rs 18.64 per share. Includes Rs 27.68 Cr fresh issue subscription and Rs 0.28 Cr from existing shareholders. SJL will become a wholly-owned subsidiary. It is a related party transaction as SJL is part of the promoter group, done at arms length. SJL is in fashion silver jewellery. Silvostyle LLP turnover was Rs 72.93 Cr in FY26. Completion targeted by Dec 31, 2026.
Likely market impact
Strengthens jewellery portfolio by adding silver segment. Related-party deal at arms length; deal size is modest relative to PNGJL.