P N Gadgil Jewellers Board Approves 100% Acquisition of Silvostyle Jewellers
India, Aug. 20 -- P N Gadgil Jewellers (PNGJL) is looking beyond its core gold and studded jewellery business, and taking full ownership of a fast-growing fashion silver jewellery venture, all while its main retail stores keep clocking strong double-digit growth. It's a sign that the company isn't just banking on opening new stores to grow. Instead, it's willing to strike related-party deals at the board level to bring related product categories fully under the PNG Group's roof.
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Shares of P N Gadgil Jewellers closed at Rs. 610.00, up about 1% from previous close of Rs. 603.45. The stock opened at Rs. 609.50, reached an intraday high of Rs. 613.70 and low of Rs. 609.45. The company currently has a market capitalization of Rs. 8,9...
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