M&A M&A
Senco Gold to acquire 68% addl stake in jewellery brand Melorra for Rs.68-Cr
Source Business Standard (opens in a new tab)BSE Announcement (opens in a new tab)
Kolkata-based Senco Gold is to acquire a 68% stake in Bengaluru-based August Jewellery, the company behind the brand Melorra , for INR 68-Cr. The transaction will be executed through fresh equity issuance in multiple tranches and is expected to be completed by February 2027. Post acquisition, including an additional purchase by a promoter group entity, Senco Gold will hold a 79% stake in August Jewellery.August Jewellery operates the Melorra brand and specializes in jewellery design and e-commerce.
Company website ↗ (opens in a new tab)
Between Jun 2015 and May 2022, Melorra had attracted about $ 73 M from Capri Global Holdings, Symphony International Holdings, Z Nation Lab, BlackSoil Capital, Burman Family Office, Lightbox, Rainmaker Ventures, Others.For FY25, Melorra had reported about INR 33 Cr in Operating Income and about INR 38 Cr in Net Loss.