P N Gadgil Jewellers Share Price in Focus; To Acquire 100% Stake in Silvostyle Jewellers

P N Gadgil Jewellers Ltd has approved the acquisition of 100% of Silvostyle Jewellers Ltd (SJL). The decision was taken at the company's board meeting held on 20 August 2026 and was announced on the same day. 

The total consideration for the deal is ₹27.96 crore. Once completed, Silvostyle Jewellers will become a wholly-owned subsidiary of P N Gadgil Jewellers. 

How the Acquisition Will Work 

The company will acquire 1.5 crore equity shares of SJL at ₹18.64 per share. Most of the transaction, involving 1.485 crore shares or 99% of the post-issue capital, will be through a fresh issue of shares. 

The remaining 1.5 lakh shares will be acquired from existing shareholders, accounting for 1% of SJL’s post-issue share capital. The deal is expected to be completed in stages by 31 December 2026. 

₹27.68 Crore to Go into the Business 

Of the ₹27.96 crore, ₹27.68 crore will be used to subscribe to new shares issued by SJL. The remaining ₹0.28 crores will be paid to existing shareholders for their shares. 

The company said the fresh capital raised by Silvostyle Jewellers is proposed to be used for its business purposes. The consideration will be paid through cash and cash equivalents. 

Silvostyle's Previous Business 

Silvostyle Jewellers was incorporated on 19 December 2025 and operates in the fashion silver jewellery segment. On 1 May 2026, it acquired the business of Silvostyle Jewellery LLP through a slump sale. 

For the year ended 31 March 2026, Silvostyle Jewellery LLP reported turnover of ₹72.93 crore and a profit after tax of ₹6.36 crore. In FY25, its turnover stood at ₹40.46 crore, while PAT was ₹3.66 crore. 

Related Party Transaction 

The acquisition is classified as a related party transaction because SJL is part of the promoter group of P N Gadgil Jewellers. Saurabh Gadgil, Radhika Gadgil, and Aditya Gadgil are also directors and shareholders of SJL. 

The company stated that the transaction would be carried out at arm's length. 

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P N Gadgil Jewellers Share Price Performance  

As of August 21, 2026, 11:01 am, P N Gadgil Jewellers share price was trading at ₹611.00, a 0.25% increase from the previous closing price. 

Conclusion 

The acquisition will be completed by the end of December 2026, subject to the proposed transaction structure. After completion, Silvostyle Jewellers will be fully owned by P N Gadgil Jewellers. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

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