Sky Gold attracts additional investment from marquee investors on preferential basis

Business News City/ state

New Delhi (India), October 30: Sky Gold Limited’s (BSE Code:541967, NSE Code: SKYGOLD) Board of Directors to issue equity shares on a preferential basis. The Company plan to offer a substantial total of 23,32,800 Equity Shares, each with a face value of ₹ 10, at an issue price of ₹ 415 per equity share.

Ashish Kacholia, Bengal Finance & Investments Private Limited, Narayana Trading and Investments, Shruthi Murali, and Acron Consultants LLP are among the prominent names. Moreover, an additional 13 allottees will join this select group, collectively subscribing to the full 23,32,800 shares. The cumulative investment stands at an impressive ₹ 99.14 Crore.

The names of the proposed allottees in the preferential Issue of Equity Shares.

Sr. No.Name of Proposed AllotteesNo. of Equity          SharesCategory
1Ashish Kacholia2,88,100Non- promoter
2Bengal Finance & Investments Private Limited2,52,900Non- promoter
3Narayana Trading and Investments2,35,200Non- promoter
4Shruthi Murali2,35,200Non- promoter
5Acron Consultants LLP4,70,500Non- promoter
6Nesh Advisors LLP47,000Non- promoter
7Vimana Capital Management LLP70,500Non- promoter
8Inder Soni1,17,600Non- promoter
9Bhakthisaran47,000Non- promoter
10Srinath Krishnan23,600Non- promoter
11Nishant Aggarwal5,800Non- promoter
12Jinesh Shah1,29,400Non- promoter
13Roopali Uppal88,200Non- promoter
14Ashok Kumar47,000Non- promoter
15Rakesh Laroia58,800Non- promoter
16Dipika Chauhan72,000Promoter Group
17Heena Chauhan72,000Promoter Group
18Mamta Chauhan72,000Promoter Group
Total23,32,800

Speaking on the occasion Mr. Mangesh Chauhan, Managing Director and Chief Financial Officer of Sky Gold Limited said,” We are grateful for the confidence shown by our investors in the team and our future plans. We look forward to making a transformational impact in the jewellery segment. Partnering with the new investors will help the Company achieve its ambitious growth plan and solidify its position in the industry.”

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