Shanti Gold Acquires ₹8.83 Crore Stake In Ratnaveer Precision Engineering
Mumbai: Shanti Gold International Ltd on Friday announced an investment of ₹8,83,33,245 (Rupees Eight Crores Eighty-Three Lakhs Thirty-Three Thousand Two Hundred and Forty-Five) in Ratnaveer Precision Engineering Limited . Deal Details The company acquired 2,65,000 equity shares of Ratnaveer Precision Engineering at a weighted average price of ₹333.33 per share. This includes brokerage costs and…
Shanti Gold International Ltd announced on Friday that it had invested ₹8,83,33,245 in Ratnaveer Precision Engineering Limited, acquiring 2,65,000 equity shares at an average price of ₹333.33 per share. This investment, completed on September 26, 2026, gives Shanti Gold a 0.37% stake in Ratnaveer Precision Engineering, with each share having a face value of ₹10.
Ratnaveer Precision Engineering, established on February 20, 2002, specializes in the manufacture and export of stainless steel products and has its shares listed on both BSE and NSE since September 11, 2023. For the financial year 2025-26, the company reported a turnover of ₹1,068.74 crore and a profit after tax of ₹64.31 crore. Its turnover was ₹891.88 crore in FY 2024-25 and ₹595.38 crore in FY 2023-24.
Shanti Gold's investment is part of its overall strategy to diversify its portfolio. The acquisition was completed through a cash transaction on the secondary market. As a reminder, this news is based on company filings and is intended for informational purposes only. Investors are advised to consider the risks before making any investment decisions.
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