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B2B jewellery player Sky Gold raises Rs.106-Cr through pref issue

Business Line  

Sky Gold , a Mumbai-headquartered business-to-business (B2B) jewellery manufacturing and marketing company, has raised INR 106 crore through allotment of shares and warrants on preferential basis. The company would allot 23,32,800 equity shares on a preferential basis and equity share warrants of 1,76,400 equity shares at INR 425 each. Some of the investors in the issue include Ashish Kacholia, Bengal Finance and Investments, Acron Consultants LLP, Narayana Trading and Investments and Jinesh Shah. Established in 2008, Sky Gold is primarily involved in the design, manufacturing, and marketing of gold jewellery. It operates under a B2B model, primarily supplying its products to mid-range jewellers and boutique stores, which, in turn, retail these items through both online platforms and physical stores.