Rajesh Exports to spend upto USD 500 mn for acquisition in Europe
Source: IRIS | 02 Jul, 2015, 04.36PM
|
|
|
|
|
| Rating: NAN / 5 stars. |
 Comments | Post Comment |
|
 Rajesh Exports (REL), a manufacturer and marketer of jewellery, announced Thursday the board of directors has approved to make acquisitions in Europe in the range of USD 250 million to USD 500 million. The acquisition has been approved to strengthen the backward integration of the company and to strengthen the domestic and global presence of the company in gold business.
The board of directors have further authorized Rajesh Mehta, chairman of the company to take all the necessary steps to complete the acquisition.
Shares of the company gained Rs 15.2, or 4.29%, to settle at Rs 369.10. The total volume of shares traded was 494,235 at the BSE (Thursday).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
