Tara Jewels gets nod to raise funds up to $25 million

30 May 2017 Evaluate

Tara Jewels has received an approval to raise funds up to $25 million through private placement, Qualified Institutional Placement (QIP), American Depository receipts (ADR), Global Depository Receipts (GDR), Foreign Currency Convertible Bonds (FCCB) or through any other permissible mode or a combination thereof, as may be considered appropriate, subject to shareholders’ approval as applicable and applicable regulatory/statutory approvals and requirements. The board of directors at its meeting held on May 29, 2017 has approved for the same.

Tara Jewels is an integrated player in the jewellery industry with experience ranging from designing and manufacturing to retailing of jewellery. The company has three manufacturing facilities.



Peers
Company Name CMP
Titan Co 3357.65
Kalyan Jewell.India 719.25
Rajesh Exports 235.10
Senco Gold 1101.70
Thangamayil Jeweller 2031.55
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