Sky Gold and Diamonds Limited has agreed to acquire 100% of Purvi Gems & Jewellery (India) Private Limited for a cash consideration of ₹9 crore. The acquisition was approved by the board of Sky Gold and Diamonds on September 18, 2026.
Quick Summary
- Sky Gold & Diamonds will acquire 100% of Purvi Gems & Jewellery.
- The acquisition will be completed for a cash consideration of ₹9 crore.
- The board approved the transaction on September 18, 2026.
- The transaction is expected to be completed by November 30, 2026.
- Purvi Gems & Jewellery reported provisional FY2025-26 revenue of ₹103.40 crore.
- The acquisition will expand Sky Gold & Diamonds’ lightweight uncut and precious jewellery portfolio.
Cash Consideration and Completion Timeline
Under the terms of the transaction, ₹9 crore will be paid towards the common equity of Purvi Gems & Jewellery. The transaction is subject to approval of the offer by the acquirer board, which has approved the deal. The transaction is expected to be completed by November 30, 2026.
Purvi Gems & Jewellery’s Business
Purvi Gems & Jewellery operates in the manufacturing of jewellery and related articles and specialises in lightweight uncut and precious fine jewellery. The acquisition is intended to support Sky Gold & Diamonds’ strategy of diversifying its product portfolio, expanding its market share and broadening its customer segments.
Revenue Reported by Purvi Gems & Jewellery
For the financial year ended March 31, 2026, Purvi Gems & Jewellery reported total revenue of ₹103.40 crore based on provisional financials. The company’s turnover stood at ₹78.95 crore in FY2024-25 and ₹67.87 crore in FY2023-24.
Related-Party and Regulatory Status
The acquisition is not classified as a related-party transaction, with no promoter or group company interest in the target entity. No governmental or regulatory approvals are required for the transaction.
Strategic Expansion Through the Acquisition
The acquisition will bring Purvi Gems & Jewellery’s lightweight uncut and precious jewellery capabilities into Sky Gold & Diamonds’ portfolio, with the company also seeking to foster strategic partnerships and expand its market presence through the transaction.T cash limits and HUID. The association states that most losses in this trade are compliance losses, not price losses.
FAQs
What is Sky Gold & Diamonds acquiring?
Sky Gold & Diamonds is acquiring 100% of Purvi Gems & Jewellery (India) Private Limited.
What is the acquisition value?
The acquisition will be completed for a cash consideration of ₹9 crore.
When was the acquisition approved?
The board of Sky Gold and Diamonds approved the acquisition on September 18, 2026.
When is the transaction expected to be completed?
The transaction is expected to be completed by November 30, 2026.
What does Purvi Gems & Jewellery specialise in?
Purvi Gems & Jewellery specialises in lightweight uncut and precious fine jewellery.
What was Purvi Gems & Jewellery’s revenue in FY2025-26?
Purvi Gems & Jewellery reported provisional total revenue of ₹103.40 crore for the financial year ended March 31, 2026.
Source: SVAR Media Network
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