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SKY GOLD SECURES RS 270 CR THROUGH SUCCESSFUL QIP, STRENGTHENING CAPITAL FOR FUTURE GROWTH
The Business Guardian
|October 24, 2024
The successful QIP marks a pivotal moment for the company, reflecting its commitment to growth and innovation in the jewellery industry.
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Sky Gold Limited (BSE - 541967, NSE: SKY-GOLD), one of the leading jewellery manufacturers based in Navi Mumbai, specializing in a diverse range of gold jewellery designs, including customized pieces, and catering to prominent retailers and jewellery brands across various market segments, has successfully raised Rs 269.99 Cr through a Qualified Institutional Placement (QIP) from renowned funds.
The Company has allotted 9,99,259 equity shares of Rs 10 each at a price of Rs 2,702 (a premium of Rs 2,692) raising a total of Rs 269.99 Cr. Post this QIP, the Company's share capital stands increased from Rs 13.65 Cr to Rs 14.65 Cr comprising of 1,46,54,006 Equity Shares of Rs 10 each.
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