PNGJL to acquire 100 percent stake in 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.
On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.8 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved acquiring 100 percent of Silvostyle Jewellers (SJL), a promoter group firm in fashion silver jewellery, for Rs 27.96 Crores in cash. Deal covers 1.5 Cr equity shares via fresh issue and existing shareholders. It is a related party transaction since SJL is part of the promoter group. SJL LLP turnover grew from Rs 27 Cr (FY24) to Rs 72.93 Cr (FY26). Completion targeted by Dec 31, 2026.
Acquisition of promoter group firm in silver jewellery may consolidate operations and broaden product range. Watch related party deal pricing closely.