Update on entering into Partnerships and Completion of Investments and Acquisitions on 1st April, 2025
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Vega Jewellers Ltd (formerly PH Trading Ltd) has completed three sets of transactions on April 1, 2025. First, the company invested approximately Rs. 19.4 crore to become a Designated Partner in four new LLPs (DSNR, KKD, ELR, and J HILLS), holding between 50.99% and 59.99% stakes. Second, it acquired 100% stakes in two companies — Vega Jewellery Mart Pvt Ltd and Diamond Nest Pvt Ltd — for a combined Rs. 16 lakhs via Share Purchase Agreements. Third, it acquired a business undertaking through a slump sale (Business Transfer Agreement) from M/s Vega Jewellers for Rs. 35 crore.
The company is aggressively expanding its jewellery business through a mix of LLP partnerships, small company acquisitions, and a sizeable Rs. 35 crore business acquisition. Shareholders should note the related-party nature of the Rs. 35 crore slump sale from M/s Vega Jewellers, and watch for revenue and margin contribution from these new entities in upcoming quarters.