Shanti Gold Acquires 1,44,817 Shares in Lalithaa Jewellery for ₹3.87 Crore
Shanti Gold International Limited acquired 1,44,817 equity shares in Lalithaa Jewellery Mart Limited for ₹3.87 crore at ₹265.76 per share. Lalithaa Jewellery Mart reported FY26 turnover of ₹2,502.39 crore and PAT of ₹100.98 crore. The acquisition was completed on August 31, 2026.
The acquisition amount is significant relative to the company's potential size, and it involves a key player in the jewellery sector, indicating a medium-term impact on the company's investment portfolio and strategic direction.
The company has made a strategic investment in another entity, which is generally viewed positively as it can lead to growth and diversification.
Shanti Gold International Limited has announced its strategic investment in Lalithaa Jewellery Mart Limited, acquiring 1,44,817 equity shares. The acquisition was made through the secondary market at a weighted average price of ₹265.76 per share, for an aggregate consideration of ₹3.87 crore, inclusive of brokerage, taxes, and other levies.
The target entity, Lalithaa Jewellery Mart Limited, is a prominent South India-focused jewellery retailer incorporated in 1985. As of March 31, 2026, it reported an authorized capital of ₹280 crore and a paid-up capital of ₹279.85 crore. The company's turnover for FY 2025-26 was ₹2,502.39 crore (₹250,239.27 million), with a Profit After Tax of ₹100.98 crore (₹10,098.17 million).
This investment is part of Shanti Gold International Limited's investment activities. The acquisition is not considered a related party transaction. The settlement date for this acquisition was August 31, 2026, aligning with the exchange's settlement norms. Post-acquisition, Shanti Gold International Limited holds 1,44,817 equity shares, representing approximately 0.03% of Lalithaa Jewellery Mart Limited's paid-up equity share capital.
A plain-language summary of a public exchange filing by Shanti Gold International Limited. Read the original for the full detail.