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As on : 01-Sep-2026
Corporate News
01-Sep-2026     20:55

Renaissance Jewellery invests USD $220,000 per share for 20% stake in Naman Trading

Renaissance Global Limited announced that its step-down subsidiary, Renaissance Jewellery Middle East FZCO, will make a strategic investment of 20% in branded jewellery player Naman Trading FZC, based in Ras Al Khaimah, United Arab Emirates, for USD $220,000 per share, with an option to acquire the remaining equity later. The investment, expected to be completed within 24 months, will provide Renaissance Global Limited entry into the branded jewellery market in the Middle East, with the company also providing Naman Trading FZC merchandising and design support and supply chain optimization, while Naman Trading FZC has an annual revenue run rate of Rs 190–200 crore.

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