SKY GOLD AND DIAMONDS LIMITED has informed the Exchange regarding ' we would like to inform you that the Board of Directors at its Meeting held on Friday, 18th April 2025, approved the purchase of 100% equity shares of M/s Ganna N Gold Private Limited ( Target Company ) held by existing shareholders of the Company, which will result in 100% acquisition of the paid-up equity share capital of the target Company, by way of share swap.'.
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The Board of Directors of Sky Gold and Diamonds Limited, at its meeting held on 18th April 2025, approved the acquisition of 100% equity shares of Ganna N Gold Private Limited from its existing shareholders. The acquisition will result in Sky Gold taking 100% control of the paid-up equity share capital of the target company. The consideration for the deal will be paid entirely through a share swap mechanism, meaning no cash outflow is involved. The target company is a private limited entity in the gold and diamonds space.
This is a share-swap acquisition, so it is dilutive in nature—existing shareholders of Sky Gold will see their stake reduced as new shares are issued to the target company's shareholders. The deal expands Sky Gold's footprint in the gems and jewellery sector without any cash outflow, but shareholders should watch for valuation details of the swap ratio and the synergy potential of the acquired business.