Renaissance Global Limited
Renaissance Global Ltd (RGL) was incorporated in 1989 as Mayur Gems & Jewellery Exports Pvt Ltd. It is engaged in designing and manufacturing of jewellery in gold, silver, platinum, studded with polished diamonds, semi-precious and precious stones. It has manufacturing offices in Mumbai and Gujarat with subsidiaries in the US, UK, Middle East and Mainland China.
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Renaissance Global's step-down subsidiary is making a strategic investment in Naman Trading FZC, a branded jewellery player in the Middle East with an annual revenue run rate of Rs. 190-200 Cr. RGL will acquire an initial 20% stake, with an option to purchase the remaining equity later. This move provides...
Renaissance Global Limited has acquired 97% of Verigold Jewellery India Private Limited (VJIPL) through a share purchase agreement, purchasing 1,58,433 equity shares at ₹1 each for a total of ₹1,58,433. This strategic acquisition aims to streamline operations and enhance corporate structure, allowing for synergies and improved brand focus. Notably, the...
Renaissance Global Limited has announced a board meeting to approve an additional investment of up to Rs. 29 Crore in its wholly-owned subsidiary, RD2C Ventures Inc. This investment aims to support RD2C's operational needs, including debt repayment. Following the investment, Renaissance Global will continue to hold 100% of RD2C, maintaining...
Renaissance Global Limited has made a strategic minority investment in Jean Dousset Jewelry LLC, acquiring approximately 38.7% stake for USD 3 million (INR 25.89 Cr). This partnership aims to leverage RGL’s extensive B2B distribution network to enhance Jean Dousset's growth and market presence, particularly in the premium lab-grown diamond segment....
Renaissance Global Limited is set to invest up to ₹27 Crore in its wholly-owned step-down subsidiary, RD2C Ventures Inc., based in the USA. This capital infusion aims to bolster RD2C's operations in the direct-to-consumer segment of the jewellery industry, which primarily involves gems and diamond-studded jewellery sales. As of September...