JewelleryAfter close
Uday Jewellery Industries merges with Narbada Gems
after close1 source ↓written by the desknot a recommendation
- in major newspapers
- 31 Oct 2023
Uday Jewellery Industries Limited has announced a merger with Narbada Gems and Jewellery Limited, aiming for consolidation in the jewellery sector. The merger is under a scheme of arrangement as per the Companies Act, 2013, with public notices published on 31 Oct 2023 in major newspapers.
This strategic move may enhance market positioning and operational efficiencies, potentially impacting investor sentiment in the jewellery sector.
Not investment advice. For informational purposes only.