BusinessPhoto: Business StandardSenco Gold to Acquire 68% Stake in August Jewellery for ₹68 Crore
Senco Gold Ltd announced it will acquire a 68% stake in August Jewellery Pvt Ltd, owner of the Melorra brand, for ₹68 crore. The investment will be made in multiple tranches, completing by February 2027, subject to conditions. Including promoter group acquisition, Senco Gold's stake will reach 79%, making August Jewellery its subsidiary. The funds will support growth, expansion, and debt repayment, aligning with Senco's digital strategy.
Business Standard·


