SKY GOLD AND DIAMONDS LIMITED has informed the Exchange regarding 'We would like to inform you that the Board of Directors of the Company at its meeting held today, i.e. on Friday, 18th April 2025, approved the purchase of 100 % Equity shares of M/s. Ganna N Gold Private Limited (Target Company) by way of share swap.'.
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The Board of Directors of Sky Gold and Diamonds Limited, at a meeting held on Friday, April 18, 2025, approved the acquisition of 100% equity shares of Ganna N Gold Private Limited. The acquisition will be carried out entirely through a share swap mechanism, meaning Sky Gold will issue its own shares to the sellers of Ganna N Gold instead of paying cash. Ganna N Gold operates in the gold business, suggesting a strategic consolidation move within the gold and gems sector. The deal value, swap ratio, and timeline for completion are yet to be disclosed in this filing.
Since the deal is structured as a share swap, there is no immediate cash outflow for Sky Gold, but existing shareholders may face dilution depending on the swap ratio. The acquisition could strengthen Sky Gold's presence in the gold segment, though shareholders should watch for further disclosures on valuation, share issuance ratio, and regulatory approvals.