For Quick Alerts
For Daily Alerts

Rajesh Exports Acquires Valcambi - World’s Largest Gold Refinery


Rajesh Exports on Monday said that the company through it's wholly owned subsidiary in Singapore has fully acquired European Gold Refineries.

It has acquired 100% holding company of Valcambi in an all cash deal with a total investment of USD 400 Million, the company said in the press release.

Check the company share price details and financials

Rajesh Exports Acquires Valcambi -World’s Largest Gold Refinery
Rajesh Exports: Quotes, News
BSE 734.20BSE Quote5.4 (0.74%)
NSE 726.30NSE Quote0.65 (-0.09%)

Grant Thorton assisted Rajesh Exports in due diligence and Credit Suisse is part financing the acquisition through a long term debt.

Commenting on the acquisition, Mr. Rajesh Mehta, Chairman, Rajesh Exports said " This is a historic moment for REL and for the global gold business. The coming together of REL and Valcambi would expand the global gold business and would prove very productive for the future global plans of REL group.

Shares of the Rajesh Exports was seen trading at Rs 546, higher by Rs 17.05 or 3.22 per cent on BSE at 11.37 AM IST. It touched an intra-day high of Rs 549 during the trade.

Read more about: rajesh exports
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more