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Renaissance Global is currently trading at Rs. 176.50, up by 1.90 points or 1.09% from its previous closing of Rs. 174.60 on the BSE.

The scrip opened at Rs. 175.90 and has touched a high and low of Rs. 177.40 and Rs. 175.70 respectively. So far 5602 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 195.50 on 07-Nov-2024 and a 52 week low of Rs. 87.70 on 07-Aug-2024.

Last one week high and low of the scrip stood at Rs. 183.50 and Rs. 172.15 respectively. The current market cap of the company is Rs. 1892.27 crore.

The promoters holding in the company stood at 65.59%, while Institutions and Non-Institutions held 0.98% and 33.43% respectively.

Renaissance Global (RGL) has successfully raised Rs 163.49 crore through a preferential allotment of 1,08,99,539 equity shares at Rs 150 per share. This fundraise strengthens RGL’s balance sheet and positions the company to capitalize on growth opportunities across its global operations.

The proceeds from this preferential issue will play a pivotal role in supporting RGL’s growth strategy. The capital will be channeled into core business areas, including investments in new manufacturing units, asset refurbishment, and enhancements to operational capabilities. Additionally, these funds will empower the company to pursue inorganic growth opportunities, such as strategic acquisitions and joint ventures, to accelerate expansion in the foreseeable future. Furthermore, the proceeds will address general corporate purposes, ensuring the seamless execution of RGL’s transformative growth initiatives.

Renaissance Global has been creating incredible jewellery designs for marquee clients across the globe. Renaissance Global is a highly differentiated luxury lifestyle products company. It is licensees for two global brands - ‘Hallmark’ and ‘Disney’.