Jewellery maker & retailer Rajesh Exports eyes acquisition in Europe

Bangalore-headquartered Rajesh Exports Ltd, one of the largest public-listed gold jewellery manufacturing companies in the country, may acquire a European jeweller, according to a stock market disclosure.

The company will have a board meeting on July 2, 2015 to mull an acquisition in Europe in the same line of business.

Rajesh Exports manufactures both gold & diamond jewellery and exports its products globally. It is, however, associated more with its gold jewellery unit and has a large manufacturing plant in Bangalore which has an installed capacity to process 25 tonnes of jewellery per annum.

The firm also retails its products through its own network of jewellery showrooms Shubh Jewellers and has 83 retail jewellery showrooms across India.

Early this year, the company said it is getting into the gold finance business through which it would become the first large jewellery firm to get into the gold loan business.

Shares of Rajesh Exports closed at Rs 282.80 each, up 6.68 per cent on BSE in a strong Mumbai market on Monday.

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