7NR Retail Limited announced today the successful acquisition of 100% equity shares in Cultureantique Jewellery Private Limited (CJPL) via a share swap. The transaction involved the allotment of 9,00,00,000 equity shares of 7NR Retail, valued at Rs. 10/- each, in exchange for the total purchase consideration of Rs. 90,00,00,000/-. This strategic move aims to diversify the company’s business operations and strengthen its overall market presence.
7NR Retail Finalizes Major Acquisition
In a significant strategic move, 7NR Retail Limited has completed the acquisition of Cultureantique Jewellery Private Limited (CJPL), obtaining 100% equity stake in the jewellery firm. The Board of Directors of 7NR Retail approved the in-principle allotment of 9,00,00,000 (Nine Crore) Equity Shares on a preferential basis for this transaction.
Share Swap Details
The acquisition was executed through a share swap mechanism, where 7NR Retail’s equity shares were issued in exchange for the purchase consideration. The total purchase price for the 90,00,000 equity shares of CJPL, at a price of Rs. 100/- per share, amounted to Rs. 90,00,00,000/- (Rupees Ninety Crore only). The shares of 7NR Retail were allotted at a face value of Rs. 10/- each, constituting a considerable increase in the company’s issued equity.
Strategic Rationale and Business Impact
The acquisition of CJPL is expected to strategically diversify 7NR Retail’s existing business operations and strengthen its overall market position. The company anticipates that this move will support long-term growth objectives, improve operational efficiencies, and ultimately create greater value for its stakeholders. CJPL is engaged in the manufacturing and trading of gold and silver jewellery.
CJPL Becomes Subsidiary
Following the completion of this acquisition, Cultureantique Jewellery Private Limited (CJPL) has officially become a subsidiary of 7NR Retail Limited. The deal was completed on September 10, 2026, with the board meeting specifically convened to consider and approve this critical business development.
Source: BSE
