Sky Gold and Diamonds zooms as its arm to acquire majority stake in Shri Rishab Gold
Sky Gold and Diamonds is currently trading at Rs. 357.45, up by 23.40 points or 7.00% from its previous closing of Rs. 334.05 on the BSE.
The scrip opened at Rs. 328.30 and has touched a high and low of Rs. 357.45 and Rs. 328.30 respectively. So far 102780 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 488.95 on 17-Dec-2024 and a 52 week low of Rs. 245.95 on 06-Aug-2025.
Last one week high and low of the scrip stood at Rs. 357.45 and Rs. 308.50 respectively. The current market cap of the company is Rs. 5515.48 crore.
The promoters holding in the company stood at 51.74%, while Institutions and Non-Institutions held 9.57% and 38.69% respectively.
Sky Gold and Diamonds’ wholly owned subsidiary -- Starmangalsutra has entered into a non-binding term sheet to acquire a majority stake in Shri Rishab Gold, a reputed Mumbai-based jewellery firm. The partnership marks a significant step in the company’s strategy to establish India’s largest and most trusted mangalsutra-focused enterprise. Shri Rishab Gold, known for its strong presence in the mangalsutra segment, brings with it a rich client base that includes one of India’s largest jewellery brands. This client relationship will be strategically onboarded by Starmangalsutra (subsidiary of Sky Gold and Diamonds), expanding its customer portfolio and deepening market penetration in the high-growth traditional jewellery segment.
The acquisition will also align Shri Rishab Gold’s operations with Starmangalsutra’s robust governance standards and efficient working capital model, enhancing synergies across product development, manufacturing, and distribution.
Sky Gold and Diamonds (formerly known as Sky Gold) is engaged in the business of designing, manufacturing and marketing of gold jewelleries since its incorporation.
