Editor’s Note
This article details Sky Gold And Diamonds’ strategic acquisition of a majority stake in Shri Rishab Gold, a move aimed at strengthening its position in the traditional mangalsutra jewellery market and expanding its customer base.
Sky Gold And Diamonds’ wholly-owned subsidiary Starmangalsutra Private Limited has successfully executed a partnership agreement on December 11, 2025, to acquire a 51% partnership interest in Shri Rishab Gold, a jewellery manufacturing firm, for approximately Rs. 10 crores. This strategic acquisition, following the company’s October 2025 announcement, aims to strengthen Sky Gold’s presence in the traditional mangalsutra jewellery segment and expand its customer portfolio, including access to major jewellery brands.
| Parameter | Details |
|---|---|
| Agreement Date | December 11, 2025 |
| Acquiring Entity | Starmangalsutra Private Limited (WOS) |
| Target Company | Shri Rishab Gold |
| Stake Acquired | 51% partnership interest |
| Transaction Value | Approximately Rs. 10.00 crores |
The partnership agreement marks a significant milestone in Sky Gold And Diamonds’ expansion strategy within the traditional mangalsutra jewellery segment. Starmangalsutra Private Limited, being a wholly-owned subsidiary, provides the parent company with direct access to Shri Rishab Gold’s manufacturing capabilities and customer portfolio.
| Financial Metric | Value |
|---|---|
| Shri Rishab Gold Turnover | Rs. 48.90 crores |
| EBITDA | Rs. 3.87 crores |
| Funding Method | Cash consideration |
| Expected Completion | Within 12 months |
The acquisition is positioned to deliver multiple strategic advantages for Sky Gold And Diamonds. The company gains deeper market penetration into the traditional mangalsutra jewellery segment while expanding its customer base through Shri Rishab Gold’s existing client portfolio, which includes relationships with major jewellery brands across India.
Sky Gold And Diamonds has maintained transparency throughout the acquisition process, with the latest update filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no changes to the transaction details previously disclosed to stock exchanges in October 2025.
This strategic move demonstrates Sky Gold And Diamonds’ commitment to growth in the specialized jewellery manufacturing sector, potentially strengthening its market position and providing access to new customer segments within the traditional jewellery market.