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 RGL an entry into the Middle East's branded jewellery market.

RGL will also support Naman with merchandising, design, and supply chain optimization to enhance margins and boost sales growth, strengthening RGL's market presence.