Sky Gold Share Price in Focus; To Acquire Purvi Gems & Jewellery for Up to ₹9 Crore

Sky Gold and Diamonds board approved the acquisition on September 18, 2026. As per the exchange filing, the company will buy 100% of the issued, subscribed and paid-up share capital of Purvi Gems & Jewellery from its existing shareholders. The deal will be paid for in cash.  

This acquisition is scheduled to close on or before November 30, 2026. Sky Gold stated that it is not a related-party transaction, and its promoter group has no interest in the target firm. 

Sky Gold to Buy Purvi Gems 

Purvi Gems & Jewellery is involved in jewellery manufacturing. Its business mainly covers lightweight uncut and precia fine jewellery, along with related manufacturing and processing activities.  

Sky Gold will pay up to ₹9 crore in cash for the acquisition. The company has agreed to acquire the entire issued share capital of Purvi Gems.  

No government or regulatory approval is required for the acquisition, according to the filing.  

Why Sky Gold Is Buying Purvi Gems? 

Sky Gold said the acquisition will help it expand its jewellery product range and customer segments. It also plans to use the acquisition to offer a wider range of jewellery products.  

The company has also said the deal will help it expand its presence in the gems and jewellery segment. Purvi Gems' existing business is in the same industry, with a focus on manufacturing.  

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Sky Gold and Diamonds Share Price Performance  

As of 18 September 2026, at 12:34 PM, Sky Gold and Diamonds share price is trading at ₹789.85 per share, reflecting a surge of 1.18% from the previous trading session. 

Conclusion 

Sky Gold and Diamonds to acquire Purvi Gems & Jewellery for upto ₹9 crore in cash Purvi Gems has announced provisional turnover of ₹103.40 crore in FY26 against ₹78.95 crore in FY25 and ₹67.87 crore in FY24. The purchase is anticipated to be finalized by November 30, 2026. 

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