Goldman Sachs, UBS pick 6.28% stake in Shrenuj
Goldman Sachs, UBS pick 6.28% stake in Shrenuj
Goldman Sachs Investments and UBS Securities acquired 6.28% stake in Shrenuj and Company, by purchasing 3.936 million shares of the company at Rs 42.50 a share, reports Business Line. The total deal value is Rs 167.2 million.
Goldman purchased 2 million shares while UBS Securities bought 1.936 million shares of the company.
Shrenuj & Co (Shrenuj) is 100% export oriented undertaking, promoted by Kirtilal K Doshi. Shrenuj is into polished diamonds and studded jewellery. Recently, it acquired Simon Golub and Sons, a jewellery distribution company in Seattle, US.
Shares of the company were last trading up Rs 2.45, or 5.47%, at Rs 47.20. The total volume of shares traded were 18,755 at the BSE (10.03 a.m, Wednesday).
