The Board of Directors of Renaissance Global Limited at its meeting held today i.e. March 29, 2025 had approved the acquisition of majority shares of Verigold Jewellery India Private Limited (VJIPL), held by promoter shareholders of the VJIPL, by execution of Share Purchase Agreement (SPA), which will result in acquisition of 97% of the paid-up equity share capital of the VJIPL.
Post this acquisition of equity shares by Renaissance Global Limited (RGL), VJIPL will become a subsidiary company of RGL.