International Gemmological Institute (India) Limited (IGI India) announced the successful completion of the acquisition of AGL Holdco Inc. This transaction was finalized through its subsidiary, IGI USA, which acquired 100% of AGL Holdco from the sellers, Christopher P Smith and Helene Smith. The acquisition effectively brings American Gemological Laboratories LLC (AGL) under the full ownership structure of IGI India, effective February 10, 2026, enhancing IGI’s global operational footprint.
Completion of Strategic Acquisition
International Gemmological Institute (India) Limited (the Company) formally disclosed the finalization of a significant corporate action regarding its US subsidiary. Following the Board approval intimated on January 31, 2026, the acquisition of AGL Holdco Inc. has been successfully concluded.
The acquisition was executed by International Gemological Institute Inc. (“IGI USA”), which is a step-down wholly owned subsidiary (WOS) of IGI India. IGI USA acquired 100% of the shareholding in AGL Holdco Inc. from the sellers, Christopher P Smith and Helene Smith.
Resulting Corporate Structure
This transaction has immediately restructured the corporate hierarchy concerning the acquired entities. Effective from February 10, 2026, the following relationships are established:
- AGL Holdco Inc. has officially become a WOS of IGI USA and a step-down WOS of IGI Belgium and IGI India.
- American Gemological Laboratories, LLC (“AGL”), previously a WOS of AGL Holdco, now becomes a step-down WOS of IGI USA, IGI Belgium, and IGI India.
The Company confirmed this development on February 14, 2026, which resulted in the indirect acquisition of American Gemological Laboratories LLC (AGL) by the IGI Group. This information is shared for the records of the stock exchanges.
Source: BSE
